Currency pair analysis for today, October 14th: GBPUSD

14.10.2021

Technical reviews

GBPUSD

The overall trend is downward. The ascending wave pattern is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator signals overbought conditions.

 

GBPUSD rate online: monitor the price movement in real time.

 

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the truncated ascending pattern.

Stop Loss: above the local maximum of the ascending pattern.

Target levels: 1.3544; 1.3420.

Author: GC
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