Deceleration: GBP/USD has been falling from a false break above 1.63 at the end of 2012. Since 2/8/2013, it has been trading down a falling channel. However, 2/19 price action has anchored out of this channel with sideways price action. Since late last week, you can see that cable’s fall in prices has decelerated, but there remains lower lows. Also the 1H RSI indeed got stuck between 40 and 60, which reflects consolidation momentum. But we know there is bearish bias because it had tagged 30 a couple of times. If the RSI can clear and hold above 60, then we can say GBP/USD has lost momentum in the 1H chart. Support: ... (full story)