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GBPUSD renews bullish outlook
video GBPUSD opened the week with mild gains, expanding its NFP rally above June’s peak and to a fresh 15-month high of 1.2912 early on Tuesday. There is room for further development, as the technical indicators maintain a clear positive trajectory. Yet, with the RSI and the stochastic oscillator prodding their overbought levels, the bullish wave could soon take a breather. The pair is currently testing the tentative ascending line from last December at 1.2893, while the resistance trendline from April is marginally higher at 1.2940. Notably, the 50- and 200-period simple moving averages (SMAs) in the weekly and ... (full story)
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