GBPAUD has gained little this week but it managed to hold above the 20-day simple moving average (SMA) and re-enter the 1.9400 area, however, the technical indicators feed prospects for a possible improvement in the near term. The RSI indicator is flattening in the bullish area, while the stochastic is heading north, approaching the 80 level. That said, the red Tenkan-sen line keeps falling slightly above the blue Kijun-sen line, reflecting the recent pause in positive momentum. A failure to overcome the 1.9400 psychological numbercould send prices down to the 20-day SMA currently at 1.9280 ahead of the 23.6% ... (full story)