Facts:

• RSI [14] is at approximately 35.9.
• The price is below the regression line within a narrowing ascending triangle formation.

Recommendation:

• Buy position (LONG) on GBPUSD at market price.
• Target price (Take Profit; TP): 1.3850
• Stop Loss (SL): 1.3025

GBPUSD (D1)

Source: xStation5 OPINION : The price is currently near the lower boundaries of two technical formations: a consolidation channel between approximately 1.385 and 1.302, and a narrowing ascending triangle. Looking at the regression line and the RSI indicator, the current setup creates favorable conditions for an upward correction toward approximately 1.385. Such a move would normalize the RSI level, continue the long-term uptrend, and keep the price within the consolidation channel that has been in place since mid-2024.

Methodology and assumptions:

• The recommendation is based on technical chart analysis, in particular the RSI indicator and the regression line.
• The target level was determined based on the local high of the consolidation channel.
• The protective stop loss was set based on a favorable risk-to-reward ratio and on support at the level of local lows.