The downward Trend of USDGBP started on Aug 16th. The slope has been steep since the beginning. During the fall, the only support was from lower Bollinger Bands, which was a test, and the price only reached the middle line of the Bollinger Bands. After the test, the downward trend continues.
Does this mean the trend was solid and will continue? I would say that the price does move stably. Although the Ichimoku goes down, it cannot catch the price line. Even if the price line goes down soon, it still moves within the Bollinger Bands. Also, the Stochastics moved back to the middle part. All of these signals prove that the downward trend is solid here. So I would assume that the downward trend would continue, which is the same as MACD.
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