GBPUSD has been in a steady uptrend over the last month, posting a fresh two-month high of 1.2782 and remaining well above the short-term simple moving averages (SMAs). Technically, the pair is sailing near overbought waters according to the stochastic oscillator. The RSI is also flagging a potential downfall as it’s losing impetus near 70. If buyers stay in play, the door will open for the 1.2820 resistance level ahead of the six-month high of 1.2892. Running higher, the outlook will be brighter, switching the long-term outlook to a more positive one, flirting with the 1.3000 round number. Should the bears press the ... (full story)