Technical Analysis – GBPUSD holds bearish bias but strong support awaits near 1.2900
GBPUSD has been negative from the beginning of the new year as the 1.3285 resistance seems to be a real struggle for the bulls. Technically, the price dropped beneath the 20- and 40-period simple moving averages (SMAs), challenging the Ichimoku cloud in the daily timeframe. The RSI is standing below its 50 neutral mark but is flattening, […]