Technical Analysis – GBPUSD displays neutral tone tiptoeing on 100-MA
Posted on February 15, 2022 at 9:53 am GMTGBPUSD is edging sideways slightly above the 100-day simple moving average (SMA) as directional impetus has disappeared. The SMAs are converging, largely endorsing a more neutral trend, with the gliding 200-day SMA nourishing bearish pressures, while the rising 50-day SMA is championing positive price moves. Currently, the Ichimoku lines are not reflecting dominant directional forces, while the short-term oscillators are transmitting mixed and weak messages in momentum. The MACD is holding a tad above its zero and trigger lines, while [..]