GBP/USD Technical Picture Improves with Horizon Expansion
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.