GBPUSD has been underperforming over the past two days, meeting a new 29-month low at 1.1670. When looking at the bigger picture, the pair has been developing within a descending channel since February with the technical indicators confirming the bearish structure. The MACD oscillator is heading south below its trigger and zero lines, while the […]
The post GBPUSD Turns Bearish Again in Short Term after Dramatic Slump appeared first on Action Forex.
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Markets US bond yields slid further in moves that greatly outpace those in Germany. Declines vary between -5.7 and 7.5 bps with some minor outperformance by the belly of the curve. Rates showed signs of Read more…