GBP/USD yesterday’s 50bps rate hike was still interpreted as dovish, causing prices to rise sharply. The current trend on the D1 chart remains bearish. After the price went up sharply, the RSI indicator returned to a safe position, which is conducive to pushing the price to continue to go down. MACD indicator short trade volume remains strong. The Ichimoku indicator can see that the Tension Line is maintaining a downward trend and the market bears a strong volume.
The price of the H1 chart could not break above the 200MA to fall back. The RVI indicator formed a death cross in favor of a return to the downtrend.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
