GBPAUD’s Bounce Near 4¼-Year Low Level Struggles

[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 […]

The post GBPAUD’s Bounce Near 4¼-Year Low Level Struggles appeared first on Action Forex.

Source: GBPAUD's Bounce Near 4¼-Year Low Level Struggles