{video}GBPUSD has slipped underneath the 200-day simple moving average (SMA) at 1.3707 and the March and April troughs at 1.3669, strengthening a bearish notion as it surrenders extra ground. The dipping 50- and 100-day SMAs are giving the impression that bearish forces are seizing command. The Ichimoku lines are indicating that downside risks are persisting, while the short-term oscillators are suggesting the pair may remain heavy for a little while longer. The MACD below zero has nudged back beneath its red trigger line, while the RSI is nearing the 30 level. Furthermore, the negatively charged stochastic ... (full story)