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GBPUSD extends gains over 1.4000; upside pressures persist
video GBPUSD is trailing the upper Bollinger band hiking to a new 34-month high of 1.4085. The pair is exhibiting a sturdy positive tone, something also reflected in the short-term oscillators. The price is steadily progressing above the climbing simple moving averages (SMAs), which are conveying a predominant bullish demeanour. The MACD, in the positive zone, is rising above its red trigger line, while the RSI is preserving its push into the overbought territory. Furthermore, the stochastic oscillator is persisting above the 80 mark with the %K line reflecting a slight stalling in the upwards drive, however, the %K ... (full story)
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- Posted: Feb 23, 2021 6:14am
- Submitted by:Category: Technical AnalysisComments: 5 / Views: 1,105
