Wednesday, January 22, 2020
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Technical Analysis – GBP/USD remains positive despite correction

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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Technical Analysis – GBP/USD could trade positive-to-neutral in the short-term

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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Technical Analysis – GBP/USD violates March downtrend

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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