GBPUSD bullish near-term bias above 10DMA [Video]

GBP/USD needs break above 200-SMA [Video]

GBPUSD finished Monday’s session on the negative side, unable to climb above the 200-day simple moving average (SMA) at 1.2145 once again; the line has been acting as a crucial ceiling to upside movements since September 2021.

The positive structure of higher highs and higher lows in the short-term picture remains valid, backed by the bullish cross between the 20- and 50-day SMAs. Read more…

GBP/USD outlook: Bullish near-term bias above 10DMA

Cable regained traction on improved risk sentiment and probes above 1.20 after recent pullback from a multi-month high (1.2153) found footstep at 1.1957 (rising 10DMA).

Larger uptrend remains intact but pausing after a failure on approach on falling 200DMA (1.2166). Read more…

GBP/USD Forecast: Risk flows to help Pound Sterling gather further strength

GBP/USD has regathered its traction and climbed above 1.2000 after having lost nearly 100 pips on Monday. In case risk flows continue to dominate the financial markets on Tuesday, the pair could continue to stretch higher. The near-term technical outlook also points to a pickup in bullish momentum. Read more…