GBPUSD (Pound Dollar) day trading forex analysis with Financial Astrology, Price and Time.
On the 5 Minutes Chart, GBPUSD is currently trending up. There are two mundane aspects coming. Whole day we had Venus and Mercury Conjunction effect. So therefore, we have plotted Moon line and along with Sun Trine Aspect Line. Here Sun Trine line and Moon line overlapped for obvious reason. We have plotted pitchfork lines in order to understand the trend better.
Looking at the Trend dashboard, it is indicating all up, only in case or Parabolic SAR and RSI it showing bearish signal. RSI is showing bullishly overbought.
Upcoming Forex News Release:
There is no major big news going to release now. But 7 hours later Pound MPC Member speech is coming.
It is bullish. Sell opportunity will only come below 1.3904. If it happens and also breaks the middle line of Andrew Pitchfork then you can target up to the pitchfork lower line. More below up to the 1.3785, Sun trine line. This could be a possible target during GBP MPC speech.