26 Oct 2016
GBP/USD oversold as oscillators deepen
The daily GBP/USD chart keeps the downside in focus with the RSI(14) breaking below the 30% level.
The weekly oscillator, in turn, is already printing below 50% for several months. This technical development could lead to a correction of an over extended bear market.
The weekly oscillator, in turn, is already printing below 50% for several months. This technical development could lead to a correction of an over extended bear market.