GBPUSD has bounced back from its March low of 1.2999, crossing above its 50-period simple moving average (SMA) as positive momentum resurfaced. However, the pair is currently trading well below its 200-period SMA and hasn't yet broken its series of successive lower lows, reinforcing an overall bearish outlook. Short-term momentum oscillators reflect a positive bias […]
The post GBPUSD Bias Improves But the Overall Outlook Remains Bearish appeared first on Action Forex.