{video}GBPUSD had been forming a profound structure of higher highs and higher lows following its break above the crucial descending trendline in early November. However, the pair’s rally paused at the three-month peak of 1.2732, with the price retracing lower towards the 200-day simple moving average (SMA). Given that both the RSI and MACD managed to stay within their positive territories, the bulls could attempt to erase the latest pullback and propel the price towards the May peak of 1.2678. A violation of that hurdle could bring the recent rejection region of 1.2732 under examination. Failing to halt there, the ... (full story)