GBPUSD Bounces Off 3-month Low; Bearish Bias Holds

<p>GBPUSD in a steady decline since mid-July Found its footing just shy of the 200-day SMA Can the bulls stage a comeback? GBPUSD has been forming a structure of lower highs and lower lows since its 15-month peak of 1.3141. Despite the latest rebound from a three-month low, the short-term oscillators are pointing to further downside [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/518311-gbpusd-bounces-off-3-month-low-bearish-bias-holds/">GBPUSD Bounces Off 3-month Low; Bearish Bias Holds</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>