With the year 2023 drawing to a close, GBPUSD could not carry the impressive rally of the last three weeks above the bullish crossover within the 50- and the 100-week simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the upward wave from 1.0325 to 1.3140 at 1.2480. Also, the pair found strong resistance near the 200-week exponential moving average (EMA), sending prices lower this week so far. Currently, the market price is holding above the opening price from last January. However, the technical oscillators are suggesting a weakening momentum. Specifically, the RSI is pointing south in the ... (full story)