GBPUSD 4H 50 sma Decision Time
The GBPUSD has been riding the 50 sma for awhile. It is at a place to decide where to go. If it decides to go long then the Macd blue line is going to cross above the 0 line. If it decides to go short then the blue line will fall to the 20 level line of the Macd. If price continues sideways a bit then the blue line could fall, then cross back over the red and then cross below the red line again if it is going short.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.