The 1-hour GBP/USD MACD series is sitting at extreme lows.
Recent plummeting GBP/USD price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario.
|1.3055933316548 ||1.3064066569010 ||1.3076233466466 ||1.3096533616383 ||1.3104666868845 ||1.3116833766301 |
|Trend Index||OB/OS Index|
| Bearish || Extremely Oversold |