Longer term perspective on the gbp/usd
Well things are starting to show improvement from a weekly time frame perspective. Notice the ASI has climbed over last high. Price currently needs to confirm and break resistance here. The STO is trying to turn the corner from oversold. The ema’s are not in proper order yet but they seem to be trying to turn up.
The Daily:
This one is tricky and in fact I think currently it is in a wait and see mode. We have a few possibilities here as I see it. First we have the looks of a triple bottom. Then we also might have a double top. STO is in overbot condition and Price has not yet confirmed ASI move above resistance. We also do not yet have a higher low in place yet to confirm or deny current bullish move. I have not a clue where this goes from here and so I put the daily in caution mode to both the long and short side.
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