GBP/USD prints the first daily gains in five around 1.2390 as full markets return on Tuesday. In doing so, the Cable pair bounces off the lowest levels in a week.
That said, a two-week-old ascending trend line, around 1.2355 by the press time, triggered the GBP/USD pair’s rebound the previous day.
However, the quote’s sustained trading below the 10-DMA hurdle and an impending bear cross on the MACD keeps GBP/USD sellers hopeful. Adding strength to the downside bias is the RSI (14) line’s retreat from the overbought territory.
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