GBP #USD falls out the uptrend channel, support awaits at 1.2910
http://ntvforex.com/news/?id=59c215. . 07 22 GMT . By NTVForex Team . . . #GBP #USD fades upside momentum from 1.3013, the highest since March 10, and is down 0.35% on a day to 1.2950 as Thursday s 4 hour chart is showing the cable has dropped off the uptrend channel, NTVForex s analyst Yohay Elam reports. . Key quotes . #GBP #USD has slipped off the uptrend channel that had accompanied in the past week a bearish sign. While momentum on the 4 hour chart remains positive, the Relative Strength Index is still close to 70 potentially entering overbought conditions upon any small rise. . Support awaits at 1.2910 and 1.2845, both serving as stepping stones on the way up. The next line to watch is 1.2775, which separated ranges late l…

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