GBPUSD’s positive momentum has eased somewhat, something also backed by the declining RSI, which has exited the overbought area resulting in a pullback off the recent nineteen-month high of 1.3514. However, the positive outlook remains intact assisted by the upward slopes in the mid-Bollinger band, 50- and 100-day simple moving averages (SMAs). The technical indicators reflect the stall in the ascent, but overall still lean towards an improving picture. The MACD, although decreasing slightly has remained above its red trigger line, deep in the positive region. The RSI is falling in bullish territory while the ADX ... (full story)