We had a Buy call on the currency pair and we are seeing how the stock has been appreciating from the lower levels. Recently we are seeing that buying is coming strong in the currency pair. We had advice to buy only 50% of the pair at lower level, We would advise to buy more at this level.

Recently the DMI+ has crossed above DMI- which is a positive sign for the pair; the strength will be seen once the ADX trades above the DMI. The pair is trading above the EMA recently, if the pair closes above the EMA we will get another confirmation.

Once the pair closes above the ICHIMOKU CLOUD we will get another confirmation.

Overall the pair looks positive and we expect the move to be positive in coming days.

The RSI is strengthning and the strength in the RSI is indicating buy signal.

GBPUSD

Oct 18 2021