- GBP/USD picks up bids to refresh intraday high; extends previous two-week winning streak.
- RSI conditions, six-week-old resistance line challenge Cable buyers.
- 21-SMA, ascending trend line from early January puts a floor under the price.
GBP/USD stays on the front foot as bulls keep the driver’s seat during early Monday morning in Asia, after a two-week uptrend. That said, the Cable pair renews its intraday high near 1.2410 while rising for the fifth consecutive day as of late.
In doing so, the quote extends the previous day’s rebound from the 21-SMA, around 1.2350 by the press time.
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