GBPUSD has reversed back up again after finding support at the 27-month low of 1.2070, achieved last week, but the current momentum is still weak. The technical indicators are pointing to a neutral to negative bias in the short term with the RSI just below 50 and the MACD oscillator remaining in bearish territory. Moreover, […]
The post GBPUSD Rebounds Off 27-Month Low But SMAs Act as Strong Resistance appeared first on Action Forex.
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