Technical Analysis – GBPUSD upside risks in place but a potential reversal pattern also in focus

GBPUSD is finding support around the 50-period simple moving average (SMA) on the four-hour chart and is pushing efforts to regain momentum within the 1.2400 area after a quiet start to the day. Additional gains cannot be ruled out in the short-term as the RSI is trying to break its recent range, while the MACD is strengthening at a gradual […]