GBPUSD - Switching To MAs

The previous trend channel I have been using seems fairly redundant now as GBPUSD falls into a steeper trend.

Price has reversed through the 500Dma and as long as the D RSI remains bouncing around in the lower qaudrant this trend should continue without too much fuss.

Not advice.

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Testing the 500Dma again and bullish divergence developing, so may have been a bit early to call the drop. If it makes a HH will probably get back to 0.5 / 0.618 area before a reversal. I still think its going to fall shy of the upper trendline but we'll see.

First to see if a reversal is on.