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GBPUSD plummets to 2-month low
video GBPUSD plunged to a new almost two-month low of 1.2517 on Monday’s session, falling beneath the short-term trading range and the 200-day simple moving average (SMA). Currently, the market is recovering some losses with the RSI confirming the recent upside move as it is ticking slightly up below 50. On the other hand, the MACD oscillator is losing momentum beneath its trigger and zero lines, while the 20- and the 50-day SMAs are ready for a bearish crossover. Should the bears press the price below 1.2495, the medium-term ascending trend line around 1.2300 may prevent an aggressive downfall towards the 1.2180 ... (full story)