GBPUSD Drops to Fresh 3-month Low

<p>GBPUSD in a steady decline since mid-July Records consecutive multi-month lows and falls below the 200-day SMA Given that momentum indicators approach 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, the RSI is touching its 30-oversold mark and the [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/519239-gbpusd-drops-to-fresh-3-month-low/">GBPUSD Drops to Fresh 3-month Low</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>