Technical Analysis – GBPUSD touches an almost 5-month high; RSI in overbought area
GBPUSD advanced considerably to an almost five-month high of 1.3142 during Thursday’s session, posting six green candles in a row in the 4-hour chart. The MACD oscillator is strengthening its momentum above its trigger and zero lines, however, the RSI is flattening in the overbought territory, indicating a possible downside retracement. The Ichimoku indicators and the short-term moving averages (SMAs) are still […]