Technical Analysis – GBPUSD attempting to end bearish trend formation
GBPUSD dropped as low as 1.2074 after breaking the 1.2246 neckline of the bearish double top pattern on the four-hour chart. The price is now pushing efforts to recover above that border and distance itself from its shorter-term moving averages (SMAs) in order to eliminate negative trend signals. With the RSI ready to expand above its […]