Technical Analysis – GBPUSD shifts sideways as negative pressures soften
Posted on July 16, 2021 at 12:59 pm GMTGBPUSD is tiptoeing across the 1.3800 handle after its recent positive traction off the 1.3730 level ended up being curbed around the 1.3900 hurdle. Directional forces seem to have toned-down, something also being demonstrated in the overall stabilized demeanours of the 50- and the 100-period simple moving averages (SMAs), as well as the muted bearings of the Ichimoku lines. In terms of the short-term oscillators, they are transmitting conflicting signals in directional sentiment. The MACD and its red trigger line [..]