GBPUSD Dec 10

The GBP/USD pair is neutral-to-bullish in the short-term, and according to the 4-hour chart, as a bullish 20 SMA continues to provide dynamic support, heading north above the larger ones. The Momentum indicator eased within positive levels, holding above its mid-line, while the RSI consolidates at around 70, reflecting the absence of follow-through rather than suggesting upward exhaustion. The risk remains skewed to the upside, although it seems unlikely that the market would trigger relevant moves ahead of the UK election.