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GBPUSD confused below the resistance line as Brexit talks continue
video GBPUSD attempted to recoup last week’s losses on Monday but the tough eight-month old resistance line managed to block the way once again and keep the price within the 1.3300 territory as Brexit negotiations continue. The momentum indicators are providing a mixture of signals as the RSI is trying to recover above its 50 neutral mark, the MACD is gradually losing strength below its red signal line, and the red Tenkan-sen line seems to be flattening around the blue Kijun-sen. That said, the market trend in the three-month picture continues to point upwards, and the price’s refusal to weaken below its ... (full story)
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