GBP/USD Slips Bearish on H4 Timeframe

Russell Shor, CFTe, MFTA FXCM

The below is the H4 chart of the GBPUSD. The green 5-period EMA has crossed below the orange 10-period EMA (green ellipse). Moreover, the RSI has dipped below 50 which is indicative of bearishness (blue rectangle). If the EMAs develop angle and separation it will be regarded as bearish. We continue to monitor

Author

Russell Shor, CFTe, MFTA

FXCM

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

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