Technically, the GBPUSD is into the Oversold area for the last 7 trading days. The market is trying to work into a bottoming turn. Trade is positioned to push higher and attack last week’s 1.3105 - 1.3194 high. A surge over the previous Friday’s high should spark a retracement move to 1.3194. Only a close under 1.2999 is the trigger to return trade to bear trending selloffs.
Last Updated Date: 15 March 2022 @ 11:55 AM (UTC)
*Please note that all the dates are in GMT time zone
