GBPUSD analysis

GBPUSD

The currency pair is trading in the range of 365 and 135 moving averages. Probably the descending wave pattern of the H1 level is a wave (B) of the ascending wave pattern of the H8 level. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator indicator signals oversold conditions.

GBPUSD rate online: monitor the price movement in real time.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern of the H1 level.

Stop Loss under the local minimum of the descending pattern + 10p filter.

Target levels: 1.3890; 1.3960.