GBP/USD: the pair is in the downtrend

Forex analytics: Negative data on German industrial production and trade balance, released at the opening of the European session, caused the fall of Euro (including the cross pair EUR/GBP). This news, however, provided support to the Pound, which has been under pressure since the beginning of this week. However, on the daily and four-hour chart the indicators OsMA and Stochastic are in favour of the sellers. On ...