Technical Analysis – GBPUSD maintains bullish tone despite pullback
Posted on December 18, 2020 at 11:01 am GMTGBPUSD is currently finding some footing on the mid-Bollinger band around 1.3491, after reversing from a resistance band of 1.3607-1.3629, where it formed a 31½-month high of 1.3623. The rising simple moving averages (SMAs) are continuing to back price’s intact bullish demeanour. The short-term oscillators are reflecting a stall in negative momentum. The MACD’s drop below its red trigger line deep in the positive region, is decelerating, while the RSI has bounced off its neutral threshold and is now pointing [..]