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GBP/USD pressuring daily highs in the 1.6020 area - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes the mild positive tone in GBP/USD on Thursday, as the pair is rising towards the 1.6020 daily high.

Key quotes

"Indicators are aiming higher around their midlines, and 20 SMA maintaining its bullish slope below current price."

"In the 4 hours chart indicators had been unable to recoup above their midlines, but had erased all of their oversold readings reached late last week, while 20 SMA maintains a bearish slope."

"A daily descendant trend line coming from 1.6523 stands today at 1.6115 and it will take a steady advance above it to confirm an interim bottom in the pair."

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