GBPAUD adopted a sideways mode after a fresh high of 1.8404, creeping into the Ichimoku cloud where it found some positive footing on the floor of the cloud at 1.8174. The horizontal demeanour of the Ichimoku lines and the 50-period simple moving average (SMA) suggest a ranging market could hold for a while longer. Nevertheless, the short-term oscillators and the 50- and 100-period SMAs endorse an improving picture. The MACD and its red trigger line have merged marginally above the [..]
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