Technical Analysis – GBPUSD extends recess of positive bias

GBPUSD has been edging sideways in the Ichimoku cloud for the last week, after retreating from the recent five-month high of 1.3185, just shy of the key 1.3200 peak from March 9. The Ichimoku lines and the flattened 50-period simple moving average (SMA) reflect this horizontal tone within the pair. Nonetheless, the SMAs continue to […]