-
Will GBPUSD repeat July’s bull race?
video GBPUSD is having a déjà vu of its trendline bounce on June 30, which helped the pair to advance towards a 15-year high of 1.3141 after a tick below the 20-day simple moving average (SMA). The pair paused its latest bear run near the short-term support trendline from June, but again the technical indicators cannot guarantee a sustained rebound. The RSI has extended its downtrend towards its 50 neutral mark and the MACD remains negatively charged below its red signal line. Hence, although the stochastic oscillator suggests overselling, there's no proof the bearish correction is done. The bulls need the price ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Edited 9:56am Jul 25, 2023 8:49am | Edited 9:56am
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments
- Comment #2
- Quote
- Jul 25, 2023 12:40pm Jul 25, 2023 12:40pm
- samdani786
- | Commercial Member | Joined Feb 2008 | 212 Comments
The finest tool in the world still needs a MAN who knows HOW to use it