Technical Analysis – GBPUSD stable near 31-month lows; bears may keep upper hand

Last week’s aggressive downfall to a 31-month low of 1.2078 turned GBPUSD players indecisive, with the price sliding sideways within the narrow 1.21-1.22 boundaries and well below moving averages afterwards. Speculations for an upside correction are  rising as the fast-Stochastics continue to head north after printing a bullish cross below the 20 oversold mark. The RSI, which […]