GBPUSD Tumbles to Fresh 6-month Low, Looks Oversold

<p><img width="612" height="367" src="https://www.actionforex.com/wp-content/uploads/2019/05/f-gbp110.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2019/05/f-gbp110.jpg 612w, https://www.actionforex.com/wp-content/uploads/2019/05/f-gbp110-600×360.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>GBPUSD stuck in a steep decline since mid-July, appearing unable to recover Records consecutive multi-month lows as the bulls remain on the sidelines Given that momentum indicators are pointing at oversold conditions, can the price bounce back? GBPUSD has been forming a structure of lower highs and lower lows since its 15-month peak of 1.3141. Meanwhile, […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/521348-gbpusd-tumbles-to-fresh-6-month-low-looks-oversold/">GBPUSD Tumbles to Fresh 6-month Low, Looks Oversold</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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