GBP/SGD Trading Analysis (07/04/2025)
The trend is up. The currency pair is trading in the range between 365 and 135 EMAs. The downward truncated wave structure finished with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition on the H1 timeframe.
Trade idea:
- Buy on the breach of 1.74070.
- Stop-loss at 1.7280.
- Price targets at 1.7565 and 1.7620.
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