GBPUSD erased a small part of its gains that drove the price near the 1.3000 key resistance area but the 1.2800 mark, which is currently viewed as a nearby support, curbed the downside correction. The short-term bias is currently looking positive-to-neutral as the RSI is reversing back towards its 70 overbought mark and the MACD keeps losing momentum below its signal line. On the other hand, trend signals seem to be turning even positive as the 20-day simple moving average (SMA) prepares to cross the longer-term 200-day SMA after breaching the 50-day SMA in September (double bullish cross). A closing price above the ... (full story)