GBP/SEK : How beautiful the currency pair has traded over the period, the move in the pair has been very promising over the period and is expected to do so.

We were having a very firm look at the currency pair and what we found was really peaceful to the eye.

When we see this type of chart the story telling is very pleasant.

Recently on an hourly basis we saw the pair making a new low but this low was not sustainable, the buyers came in the market and took the pair at the higher level near the opening of the candle. This is such a good example of buyers coming back to the market.

This has been seen many times in the currency pair and this has been supportive with an upward move in next few candles which is tremendous good for the pair.

This time as well we are assuming that the pair may see some buying coming in the market and at least  move to the range bound zone or higher than that.

RSI : As the currency pair was in an uptrend the upper and lower band has been changed.

The Rsi is at the lower band and we are expecting it will take support here and move up again.

MACD : Macd is trading below 0 and a crossover from below 0 can give another strong confirmation.

The Pair has just taken support at the 200 EMA.

Buy

Jul 18 2021

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