{video}GBPUSD has been trading in an upward sloping channel over the last seven weeks, trying to surpass the 1.3180 resistance level. Technically, the price is still holding above the bullish crossover within the 20- and 40-day simple moving averages (SMAs) as well as beyond the Ichimoku cloud. The RSI indicator is standing in the positive territory and it looks ready to move towards the overbought area. However, the MACD oscillator is ticking marginally up above its trigger and zero lines. A step above the 1.3180 barrier could take the bulls until the eight-and-a-half-month high of 1.3487, registered on September 1. ... (full story)