GBPUSD inched to a new 29-month low of 1.1716 early on Tuesday, increasing the risk for a downtrend extension below July’s trough of 1.1758. The ongoing bearish correction follows the pullback from February’s resistance line. The RSI is close to its 30 oversold level and the stochastics are near spring’s lows, making a rebound in the […]
The post GBPUSD Inches to 29-Month Low; Bears Dominate appeared first on Action Forex.
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