GBP/USD- Technical Analysis
The GBP/USD is trading below the 50 day (shown in green) moving average on a 30 minute time frame. The immediate support zone for the price could be near the 1.6243 which is mentioned below. The CCI indicator is pointing that the price is over sold however, the low on the indicator is still higher as compared to previous low which was on 20 December. This lines up with the RSI indicator which is trading in line with the price action and hence indicating that there may be more correction to come.
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