GBPUSD: Buying Opportunity at SMA200

The price reached the support zone formed by SMA200 and 1.28000 support level. If the market stays above this zone, we should be ready to use reversal signals for buying. The exact trading signals will be in the daily and hourly timeframes. RSI is not far from the oversold zone and it will be able to give us a solid bullish signal. The same goes for MACD histogram.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.