GBP/USD ANALYSIS

23 juin 2021

CABLE posting losses again after a bullish day and is still remaining around the 1.3900 handle.
The 20- and 40-day simple moving averages (SMAs) are moving lower, approaching a possible bearish cross. The RSI is ticking down in the negative territory, while the MACD is extending its negative movement beneath its trigger and zero lines. If the pair continues to move south, it would send the market until the 1.3670 barrier ahead of the 200-day SMA, which currently stands at 1.3600. Alternatively, a jump higher could take the bulls to the 1.4000 psychological level and then until the 35-month peak of 1.4238. GBPUSD shifted the bullish view to bearish in the short- and long-term outlook.

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