GBPUSD Surrenders Ground after 200-MA Curbs Rally

GBPUSD has retraced nearly 50 percent of the three-week rally that began around the 1.3200 handle, but negative forces are diminishing as the drop approaches the lower Bollinger band at 1.3428. The longer-term simple moving averages (SMAs) continue to endorse a broader bearish trajectory in the pair. The short-term oscillators are tilting more to the […]

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