Compared to its peers in the forex, gbpusd gave its buyers a return that ranked 3rd in terms of percentage change since yesterday.
Relative to other instruments in the forex asset class, gbpusd ranked 17th yesterday in terms of percentage price change.
It’s been a feast for bears operating on an hourly timeframe, as gbpusd has now gone down 4 of the past 5 hours.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
This move is a reversal from the hour prior, which saw price move up.
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.