GBPUSD had been forming a profound structure of higher highs following its break above a crucial descending trendline in early November. Although the pair’s rally has temporarily paused at the four-month peak of 1.2826, the impending completion of a golden cross between the 50- and 200-day simple moving averages (SMAs) could infuse upside pressures. Given that both the RSI and MACD are within their positive territories, the bulls could attempt to erase the latest weakness and conquer the recent resistance of 1.2793. A violation of that hurdle could open the door for the four-month peak of 1.2826. Failing to halt ... (full story)