GBPUSD buyers have re-emerged around the 1.3300 handle and lower Bollinger band, trying to make a comeback after a one-week drop in the pair, which produced an 11-month low. The bearish simple moving averages (SMAs) are reinforcing the one-month descent from the 1.3800 vicinity. Currently, the short-term oscillators are suggesting that negative momentum is fading, due to a surge in positive powers. The MACD, some ways below zero, has nudged over its red trigger line, while the RSI is improving off the 30 oversold level. The stochastic oscillator has turned bullish and is promoting additional advances in the pair ... (full story)