Technical Analysis of Intraday Price Movement of GBP/USD Main Currency Pairs, Monday, September 18 2023.
September 18, 2023 6:24 am
If we look and pay attention to the 4-hour chart of the main currency pair GBP/USD, you will see hidden deviations between the Cable price movement and the Stochastic Oscillator indicator and the EMA 50 & EMA 200 are still in Death Cross condition, which all indicates that the condition of GBP/USD on the 4-hour chart it is in a bearish condition so that in the near future GBP/USD as long as there is no upward correction beyond the 1.2500 level has the potential to fall down to test the 1.2352 level.
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The material has been provided by InstaForex Company – www.instaforex.com
If we look and pay attention to the 4-hour chart of the main currency pair GBP/USD, you will see hidden deviations between the Cable price movement and the Stochastic Oscillator indicator and the EMA 50 & EMA 200 are still in Death Cross condition, which all indicates that the condition of GBP/USD on the 4-hour chart it is in a bearish condition so that in the near future GBP/USD as long as there is no upward correction beyond the 1.2500 level has the potential to fall down to test the 1.2352 level.
(Disclaimerr)
The material has been provided by InstaForex Company – www.instaforex.com
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