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GBP/USD’s retracement turns sideways; nears ascending trendline. GBP/USD looks to be a bit flat around the 1.3010 level, which is the 38.2% Fibonacci retracement of the up-leg from 1.2194 to 1.3514. With the recent lower highs and higher lows, the pair could extend its sideways nature further into the Ichimoku cloud and
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GBP/USD is cautiously positive despite weakened directional momentum. GBP/USD looks to be undecided with its recent lower highs and higher lows. That said, buyers are attempting to drive the pair back up in efforts to realign with the bigger positive outlook. The short-term oscillators suggest a stall in directional momentum but lean towards
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GBP/USD rebound may face a challenge within the nearby resistance area. GBP/USD is pushing on with efforts to correct the sharp sell-off of the 1 ½-year high of 1.3513 which led to 1.2900 last week. The price has returned into the 1.3100 territories and is trying to expand above the 20-day simple
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GBP/USD’s positive momentum has eased somewhat, something also backed by the declining RSI, which has exited the overbought area resulting in a pullback of the recent nineteen-month high of 1.3514. However, the positive outlook remains intact assisted by the upward slopes in the mid-Bollinger band, 50- and 100-day simple moving averages
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GBP/USD while directionless is attempting a new push towards the five-month high of 1.3011, which is aided by the recent bullish crossover of the 200-day simple moving average (SMA) by the 50-day one and the rising slopes of the 50- and 100-day SMAs. The technical indicators suggest that positive momentum is
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GBP/USD looks mildly positive in the short-term; resistance line in focus. GBP/USD started the week in the green after falling slightly for three consecutive days. The rebound happened around the 1.2800 support level and the 23.6% Fibonacci of the up-leg from 1.2200 to 1.3011, but the bullish action was not strong enough to pierce
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GBP/USD erased a small part of its gains that drove the price near the 1.3000 key resistance area but the 1.2800 level, which is currently viewed as nearby support, curbed the downside correction. The short-term bias is currently looking positive-to-neutral as the RSI is reversing back towards its 70 overbought level and
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GBP/USD shows signs of some stalling but still looking bullish. GBP/USD seems undecided of direction after driving the price marginally above the 1.3000 level. The aggressive rally that commenced on October 10, recouped nearly three-quarters of losses in the drop from the high of 1.3381. The Tenkan-sen and Kijun-Sen lines have now
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GBP/USD registered a fresh five-month high of 1.2987 before pulling back, cementing the new uptrend off the 1.1957 level. The 20-period simple moving average, which is sloping comfortably upwards and above the longer-term SMAs, increases the odds for a continuation of the bullish wave as well. The RSI, however, has been
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GBP/USD violates March downtrend; cautiously bullish in the short-term. GBP/USD traders turned indecisive following last week’s impressive rally that drove the price slightly above the 1.2700 level and just below the 200-day simple moving average (SMA). The short-term momentum indicators suggest a cautiously bullish bias as the RSI and the Stochastics maintain an upward
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