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Technical oscillators supporting the~bearish trend for the GBP/USD currency pair

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Finotec

2009-06-01

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GBP/USD – Market strategy is bearish, selling down from~the 1.4700$ level

GBP/USD-market strategy can be a sell from the level 1.4700$
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction.

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