The GBP/USD pair is moving in a sideway pattern on a 30 minute time frame. The price is trading above its 50 day (shown in yellow) and the 100 day (shown in red) moving averages which means that the bias is towards the upside because the bulls are taking the control. The volatility is for the pair is low as well as it is trading within the Bollinger band and close enough to its 20 day moving average.
The RSI and the MACD indicators are trading in line with the price action and this means that we could still more upward move towards the upside.
Important Zones
Support Zone
1.4745-1.4720 Minor
1.4657-1.4632 Major
Resistance Zone
1.5134-1.5112 Minor
1.5408-1.53773 Major
Disclaimer: The above is for informational purposes only and NOT to be construed as specific trading advice. responsibility for trade decisions is solely with the reader.