GBP/USD Forecast: Rising Only Due To Dollar Weakness May Reach Its Limit, Selling Opportunity?
August 05, 2020 at 10:02 AM EDT
Cable’s latest upswing is not driven by momentum – which remains negative on the four-hour chart. On the other hand, GBP/USD is trading above the 50, 100, and 200 Simple Moving Averages, a tailwind for the currency pair.