Sorry, you need to enable JavaScript to visit this website.

GBP/USD Signal - Mean Reversion Strategy - 29 Sep 2021

You are here

Signal Details
Entry Price: 
1.3547
Take Profit: 
1.370
Stop Loss: 
1.350
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD has held support today, after yesterdays large sell off. Technically the pair has breached through the bollinger bands, and the RSI has generated an over extended signal, and we anticipate continued upside into the 1.370 level.

Live Broker Spreads

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.