GBPUSD – Currency Pair Remains in Overbought Territory

28.08.2024

H4: The situation on the chart has not changed. The currency pair continues to stay in the overbought territory. The price confidently holds above the four-hour Supertrend line. Against this backdrop, further price growth towards the upper boundary of the overbought area (+2/8) can be expected.

Trading decisions: Buy at 1.3180, TP at 1.3306.