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GBPAUD’s Bounce Near 4¼-Year Low Level Struggles

Started by PocketOption, May 07, 2022, 08:21 am

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PocketOption

GBPAUD's Bounce Near 4¼-Year Low Level Struggles

GBPAUD's recent bullish impetus from the early April 4¼-year low region has run out of steam just beneath the mid-Bollinger band at 1.7468. The longer-term 100- and 200-period simple moving averages (SMAs) are suggesting that the negative bearing has softened, while the downward pointing 50-period SMA is reflecting that buyers have yet to gain the […]


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