GBP/USD OUTLOOK :
Pound/greenback has hit the bottom ranges in over ten months, and momentum is truly to the downside. The 50-day, 100-day and 200-day Simple Moving Averages (SMAs) lean decrease and loom above the forex pair. Is sterling oversold? Not yet, at the least in keeping with the each day chart. The Relative Strength Index (RSI) continues to be above 30, as a result outdoor the oversold territory.
Immediate help awaits on the clean 2021 trough of 1.3350. It is accompanied with the aid of using 1.3310, a swing excessive from overdue remaining year. The following ranges to observe are 1.3190 and 1.3170.
The broken 1.34 help degree stays a warfare line. The subsequent great degree to observe is handiest 1.3550, which labored in each guidelines in latest months. It is accompanied with the aid of using 1.36, which capped a recuperation strive in early November, after which with the aid of using 1.3710 and 1.3830.
