GBPUSD Downtrend Could Stay in Play

<p>GBPUSD returned to the red zone on Tuesday, plunging to a new two-and-a-half-month low of 1.2527 after Monday’s bullish efforts evaporated immediately near the 1.2625 constraining area. The trend has been negative since July and the bearish crossing of the 20- and 50-day SMAs is causing concern for the near future. Moreover, the technical indicators […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/517327-gbpusd-downtrend-could-stay-in-play/">GBPUSD Downtrend Could Stay in Play</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>