GBP/USD– Thursday December 22, 2011

by jennifer on December 22, 2011

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Hello Yo’s!

Here is a weekly chart of the GBP/USD. It is creating a neutral looking pattern, but I think that neutral pattern should be happening around the 20 SMA on price, and around the 50 line on RSI (highlighted in yellow), so I am looking for opportunities to buy that space.

I do not have a setup to buy yet, but I’m waiting for one to unfold on the 4 hour chart. Maybe above this blue line. Maybe it will need to fall a bit more first. Either way, I’ll be watching.

Have a great rest of your day!!

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