GBPUSD Displays Neutral Tone Tiptoeing on 100-MA

GBPUSD is edging sideways slightly above the 100-day simple moving average (SMA) as directional impetus has disappeared. The SMAs are converging, largely endorsing a more neutral trend, with the gliding 200-day SMA nourishing bearish pressures, while the rising 50-day SMA is championing positive price moves. Currently, the Ichimoku lines are not reflecting dominant directional forces, […]

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