Technical Analysis – GBPUSD remains positive despite correction

GBPUSD’s positive momentum has eased somewhat, something also backed by the declining RSI, which has exited the overbought area resulting in a pullback off 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 (SMAs). The technical indicators […]