GBPUSD Retains Upswing But Needs More Backing

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp173.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp173.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp173-600×400.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp173-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp173-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>GBPUSD pauses upturn from seven-month low Short-term signals are improving but threats exist GBPUSD has been stagnant around the 1.2235 barrier for two days, hindered by the 20-day simple moving average (SMA) and the resistance line from July. Encouragingly, the technical indicators keep pointing upwards, with the RSI further distancing itself from its 30 oversold region […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/522375-gbpusd-retains-upswing-but-needs-more-backing/">GBPUSD Retains Upswing But Needs More Backing</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>