GBPUSD's EMAs Move Into Bearish Stack On Daily

13 במאי 2020

The GBPUSD's EMAs have moved into a bearish stack i.e. the green 5-day EMA is below the orange 10-day EMA, and the orange 10-day EMA is below the black 34-day EMA (green ellipse). Moreover the EMAs are starting to show angle and separation. This means that the downwards momentum is building and if this continues, we may see a change in sentiment from risk-on to risk-off as capital reallocates to the greenback.