Technical Analysis – GBPUSD softens near 20-day SMA; bears to keep control
GBPUSD has been softly rising since the day it tumbled to a new 31-month low of 1.2014 but the 20-day simple moving average (SMA) appeared somewhat restrictive on Monday, pushing the price a little bit lower. The MACD continues to improve above its red signal line, though with the RSI holding in bearish territory and […]