GBP/USD analysis for May 25, 2023 – Potential for the further growth
May 25, 2023 9:23 am
Technical analysis:
GBP/USD has been trading downside yesterday but this morning I found oversold condition and bullish divergence on momentum, which is good sign for the further rally.
Due to the oversold condition and bullish divergence, I see potential for the rally towards upside references. The mid-long term trend is upside….
Upside objectives are set at the price of 1.2400 and 1.2460
MACDI oscillator is showing bullish divergence, which is good sign for the further rally.
Intraday support is set at the price of 1.2335
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
GBP/USD
has been trading downside
yesterday but this morning I found oversold condition and bullish divergence on momentum, which is good sign for
the further rally.
Due
to the oversold condition and bullish divergence, I see potential for
the rally towards upside references. The mid-long term trend is
upside….
Upside objectives
are
set
at the price of 1.2400
and 1.2460
MACDI
oscillator is showing bullish
divergence, which is good sign for the further rally.
Intraday
support is set at the price of 1.2335
The material has been provided by InstaForex Company – www.instaforex.com
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