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GBP/USD: Bears May Take a Breather Before Push through Psychological 1.30 Support

Started by PocketOption, Mar 15, 2022, 05:02 am

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PocketOption

Mar 15, 2022, 05:02 am
GBP/USD: Bears May Take a Breather Before Push through Psychological 1.30 Support

Cable is consolidating above new 2022 low (1.3009) the lowest since Nov 2020, as bears face headwinds from psychological 1.30 support and oversold daily studies. Bounce is likely to correct the latest fall, with RSI on daily chart emerging from oversold territory and supporting the notion, but MA\s in full bearish configuration and strong bearish […]


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