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GBPUSD cautiously positive despite weakened directional momentum
video GBPUSD looks to be undecided with its recent lower highs and higher lows. That said, buyers are attempting to drive the pair back up in efforts to realign with the bigger positive outlook. The short-term oscillators suggest a stall in directional momentum but lean towards the positive picture. The MACD, in the positive zone is marginally above its red trigger line, while the RSI is rising, slightly above its neutral mark. Noteworthy, are the upward sloping simple moving averages (SMAs) and the recent bullish crossover of the 200-day SMA by the 100-day one, which are backing a positive view. If buyers retake ... (full story)