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The GBP/USD's reversal from 1.4377 (2018 highs) to 1.4285 yesterday could be a sign of optimistic exhaustion. Still, the outlook remains bullish as the momentum studies keep going the bullish bias: 5,10 and 21-day MAs trend north, indicating optimistic setup. he declivity seems so far corrective after the pair advanced rough 400 pips straight, and technical readings confirm so, as the decrease stalled a handful of pips higher up the 23.6% retracement of its latest optimistic run, which in the 4 hours interpret converges with a bullish 20 SMA around 1.4280.

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GBP USD News - FXStreet

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