Technical Analysis – GBPUSD gains upside momentum, clears 200-MA
Posted on September 8, 2015 at 6:50 am GMTGBPUSD is continuing the recovery rally on Tuesday after bouncing off Friday’s low of 1.5162. Prices have cleared the 200-day moving average so this resistance level has been broken and there is scope for further upside. The daily RSI is pointing upwards and if it rises above 50 into bullish territory then we would be more confident that upside momentum will hold. The next barrier would be the 50-day moving average and the Ichimoku cloud around 1.5530. Looking at the [..]