Technical Analysis – GBPAUD abandons 3-week top; bulls still in charge in long-term

GBPAUD is recording a negative day, recovering the gap up that created earlier today. The price completed a three-week peak of 1.9646. Chances for a downside reversal, however, are minimal as the 20-day simple moving average (SMA) remains above the 40-day SMA for more than a month now, while the red Tenkan-sen line has a steeper […]