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Forex

GBP/USD Technical Picture Improves with Horizon Expansion

Instruments
EUR GBP
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The technical picture for GBP/USD improves as its horizon expands, but its daily chart remains neutral near $1.3538.

A cleaner relative-value trade is to go long on GBP/USD and short on EUR/USD, as it reduces broad USD exposure and isolates sterling versus the euro.

The weekly and monthly charts for GBP/USD show a strong buy signal, with RSI at 54.2 and MACD Buy signals across all three timeframes.

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