GBPUSD returned to test February’s crucial descending trendline near 1.1535 after two strong consecutive bullish days. The positive intersection between the 20- and 50-day simple moving averages (SMAs), if sustained, could increase hopes for a bullish trend reversal. In other encouraging signs, the RSI keeps hovering above its 50 neutral mark and the stochastics have changed course […]
The post GBPUSD Aims for Bullish Breakout appeared first on Action Forex.
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