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GBPUSD Downtrend Could Stay in Play

GBPUSD Downtrend Could Stay in Play
GBPUSD returned to the red zone on Tuesday, plunging to a new two-and-a-half-month low of 1.2527 after Monday’s bullish efforts evaporated immediately near the 1.2625 constraining area. The trend has been negative since July and the bearish crossing of the 20- and 50-day SMAs is causing concern for the near future. Moreover, the technical indicators […] The post GBPUSD Downtrend Could Stay in Play appeared first on Action Forex... Read More
Posted: Sep 5 2023, 10:49
Author Name: actionforex
Views: 110584

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