{video}GBPUSD has been in a prolonged downtrend since the beginning of the year, generating a clear structure of lower highs and lower lows. Although the pair managed to find its feet at the 37-year low of 1.1404 and recoup some losses, it is a long path ahead until it reverses its bearish long-term structure. The momentum indicators currently suggest a cautiously positive near-term tone. Specifically, the stochastic oscillator is ascending in the overbought area, while the MACD histogram has crossed above its red signal line but remains in the negative territory. Nevertheless, the price action remains way below the ... (full story)