Technical Analysis – GBPAUD continues to consolidate after second pullback from 2.0845

GBPAUD in the near-term appears to lack direction as the price trades between the 200- and 50-period simple moving averages (SMAs). Confirming this picture are the unclear signals from the Ichimoku lines and the stalled directional momentum reflected in the short-term oscillators. The MACD, in the negative region, is rising towards its red trigger line, […]