From an hourly perspective, the GBP/USD has reached its lowest momentum reading of the last 20 days of trading.
Moreover, the recent plummeting GBP/USD price action has been highlighted by an above-average reading in the MACD histogram.
While these momentum extremes could migrate to higher time frames, the latest hourly MACD print shows dissipation of speed, thus communicating risks of a immediate upside vulnerability.
|1.3141332070032 ||1.3160765965779 ||1.3171632687250 ||1.3201933304468 ||1.3221367200215 ||1.3232233921686 |
|Trend Index||OB/OS Index|
| Bearish || Extremely Oversold |