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6 Sep 2016
Positive oscillator behavior in GBP/USD
Increased upward momentum in the GBP/USD pair in recent days has brought the MACD to hurdle above its median line.
The condition could be taken by sellers as a reason to jump out from short positions, as well as spur demand for the GBP/USD among potential buyers.
Outlined on the daily perspective, the oscillator has not printed above zero at least for three weeks, a reason to pay attention to an otherwise less meaningful technical event.
The condition could be taken by sellers as a reason to jump out from short positions, as well as spur demand for the GBP/USD among potential buyers.
Outlined on the daily perspective, the oscillator has not printed above zero at least for three weeks, a reason to pay attention to an otherwise less meaningful technical event.