GBP/USD – Rising trend line intact on price and RSI

FX:GBPUSD   British Pound / U.S. Dollar
Despite the three-day losing streak and drop to 1.3235 earlier today, the pair retains bullish bias, given the rising trend line on the daily RSI and price chart has remained intact.

A day end close today above 1.3279 (Aug 26 high) would add credence to the bullish view and open doors for a re look at 1.34 handle.

On the downside, breach of rising trend line would suggest a top is in place at 1.3445 and the pair could drift lower to 1.31-1.3060 levels.


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