Probability Win = 20% Lose = 80%
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GBPUSD extends sideways pattern between SMAs
video GBPUSD has been edging higher since September when it found its feet at the all-time low of 1.0324. However, this latest rebound seems to be fading after being rejected twice at the 1.2445 region, with the price remaining stuck in a tight range formed by its 50- and 200-day simple moving averages (SMAs). Despite the pair’s rangebound pattern, the short-term oscillators are indicating that near-term risks remain tilted to the downside. Specifically, the RSI is pointing downwards after failing to cross above the 50-neutral mark, while the MACD histogram is currently below both zero and its red signal line. To ... (full story)
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- Feb 28, 2023 8:29am Feb 28, 2023 8:29am
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hesron - Joined Dec 2012 | Status: Member | 1763 Comments
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- Posted: Feb 28, 2023 6:41am
- Submitted by:Category: Technical AnalysisComments: 2 / Views: 913
