GBPUSD holds onto recovery moves from 16-month low post FOMC showdown. In doing so, the cable pair remains firmer above a convergence of the 10-DMA and a three-week-long descending trend line, around 1.3120 by the press time. Given the RSI rebound supporting the latest run-up of the pair, it will attract more bids on successfully crossing December 2021 bottom...
GBPUSD rises to a two-week high after confirming the bullish head-and-shoulders chart pattern the previous day. The cable pair stays bid around 1.3655 inside a short-term rising channel during early Monday. Given the confirmed bullish formation breakout and firmer MACD signals, the quote is likely heading towards the 200-SMA level near 1.3710. However, any further...
