Technical Analysis – GBPUSD pauses bearish phase above 1.30; finds support at 50-day moving average
GBPUSD has paused its bearish phase and is making a corrective move after rebounding ahead of the key 1.3000 psychological level. Risks are still tilted to the downside and further weakness is expected since momentum signals are bearish. MACD is sloping down which highlights the potential for another leg lower in GBPUSD. RSI is in […]