GBP/USD battles with SMAs within sideways channel [Video]
GBP/USD is still holding near the mid-level of the medium-term trading range of 1.2520-1.2785. The pair is battling with the 50-day simple moving average (SMA) at 1.2673 again, with the technical oscillators suggesting weak momentum on price. The MACD is flattening near its trigger and zero lines, while the RSI is pointing slightly down, trying to cross below the 50 level. Read more...
GBP/USD Forecast: Souring mood could weigh on Pound Sterling
GBP/USD edged higher on Monday and registered its highest daily close since early February. The pair, however, lost its traction and started to correct lower after failing to clear 1.2700 resistance. Read more...
GBP/USD will have to overcome 1.2700/1.2710 for gains to extend – Scotiabank
GBP/USD is marginally lower on the day but is essentially marking time in its established trading range of 1.2520/1.2825. Economists at Scotiabank analyze the pair’s outlook.
Sterling is a little above the midpoint of the broad, 1.2520/1.2825 range in pace since the start of the year. Read more...
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