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Dec 3, 2019 7:14 AM

GBPUSD Dec 03 Long

British Pound/U.S. DollarFXCM

Description

The GBP/USD pair is neutral-to-bullish according to the 4-hour chart, as the pair is currently developing above all of its moving averages, although the 100 and 200 SMA are now converging below the 20 SMA, suggesting decreasing upside potential. Technical indicators hold above their midlines, the Momentum heading marginally higher but the RSI flat, also suggesting decreasing buying interest.
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