Technical Analysis – GBPUSD bounces off 23.6% Fibonacci and meets 200-day SMA

GBPUSD rebounded off the 23.6% Fibonacci retracement level of the up leg from 1.0325 to 1.2450 at 1.2050 and is currently flirting with the 200-day simple moving average (SMA) as well with the medium-term uptrend line.   From the technical perspective, the MACD is losing ground above the zero level, while the RSI is pointing […]