Technical Analysis – GBPNOK turns horizontal after tumble from highs is halted by 100-MA

GBPNOK’s aggressive decline from the fourty-two-month high of 12.2105 looks to have turned flat around the 11.54 to 11.51 levels, finding support where the lower band of the Ichimoku cloud has merged with the 100-day simple moving average (SMA). Further backing this view, is the weakening negative momentum in the technical indicators and the flattened […]