FX.co ★ dusty24 | GBP/USD

Will the decline in quotes for the GBP/USD pair continue? At the moment, the price is at 1.3384, which has risen from the opening level of 1.3366. The CCI indicator has exited the overbought zone and started moving downwards, indicating a correction or a bearish price reversal. Although the MACD and KST are minimally in the positive part of the indicators, they are starting to turn towards selling. The 50-period moving average is almost at the price level, turning from an uptrend to a downtrend, suggesting a possible reversal of quotes to the bearish side. As a result, I expect a decline in quotes towards the support level of 1.3302 - 1.3300.