{video}GBPUSD has been stagnant around the 1.2235 barrier for two days, hindered by the 20-day simple moving average (SMA) and the resistance line from July. Encouragingly, the technical indicators keep pointing upwards, with the RSI further distancing itself from its 30 oversold region and the MACD recovering above its red signal line. On the other hand, the stochastic oscillator is crawling into the overbought territory, signaling the bears might be around the corner. Nevertheless, some caution might be necessary as the journey higher is expected to be challenging. An extension above the 20-day SMA could pause near ... (full story)