 GBPUSD retreated from the fresh five-month high of 1.2343 that was posted on Monday, returning back near the previous support at 1.2160 around the 200-day simple moving average SMA. In the short-term the bias turned bullish, and more increases may switch the broader outlook to positive as well. From a technical perspective, the MACD oscillator ... The post GBPUSD Declines from 5-Month High, But Outlook is Still Bullish appeared first on Action Forex... 