{video}GBPUSD had been forming a profound structure of lower highs and lower lows since its 18-month peak of 1.3141. Although the pair managed to find its feet at the seven-month low of 1.2036, it has been rangebound for almost a month, failing to stage a solid recovery. Should buying interest intensify, the recent resistance of 1.2288 could act as the first barrier for the bulls to clear. Surpassing that zone, the price could advance towards the October peak of 1.2336. A break above that level could open the door for the December-January resistance zone of 1.2445, which lies close to the 200-day simple moving ... (full story)