GBP/USD is currently trading at the 1.15 handle. Thursday’s charts are pointing to oversold conditions on various timeframes, as FXStreet’s Yohay Elam notes. Key quotes “The Relative Strength Index is pointing to oversold conditions – below 30 – on the four-hour charts and also on other timeframes such as the daily chart.” “Support awaits at the new historic low of 1.1440. It is followed by 1.13 and by 1.10 – round numbers.” “It is essential to remember that high volatility and trading at levels last seen since 1985 means that any levels may be wiped out instantly.” “Some resistance awaits at 1.1660, the daily high, followed only by 1.1957, the September 2019 low.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY spikes to fresh session tops, further beyond 127.00 mark FX Street 2 years GBP/USD is currently trading at the 1.15 handle. Thursday's charts are pointing to oversold conditions on various timeframes, as FXStreet’s Yohay Elam notes. Key quotes “The Relative Strength Index is pointing to oversold conditions – below 30 – on the four-hour charts and also on other timeframes such as the daily chart.” “Support awaits at the new historic low of 1.1440. It is followed by 1.13 and by 1.10 – round numbers.” “It is essential to remember that high volatility and trading at levels last seen since 1985 means that any levels may be wiped out instantly.” “Some resistance awaits… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
