Journal Update Monday, September 21 2020
GBPUSD pair analysis
Assalamu'alaikum wr .. wb .. good morning and greetings of success to all of us, on this occasion I will discuss the GBPUSD pair which is a currency pair that many traders like. Using the Dayli time frame, the price is moving bearish but technically the trend is still in the bullish zone, where ma 20 is still above ma 50. The current price looks above the trend line support that I mapped on the chart, so if we refer to trendline support we can BUY and stop or stop loss is placed a few pips below the trend line support.
The BUY signal is also strengthened by the stochRSI indicator which is at an oversold level which allows the GBPUSD pair to rise immediately even though it will only be a correction later, while the SELL option will be given when the price breaks below the trend line support level with bearish objectives located at the closest support level to the price 1.2250, that's a brief analysis from me, hopefully useful. and regards profit to all of us.