On Thursday, the GBP/USD exchange rate declined to the 200-hour SMA near 1.3120. During today’s morning, the rate reversed north.
It is likely that the currency pair could be pushed down by the 55– and 100-hour moving averages near 1.3200. In this case the pair could target the weekly PP located at 1.3062.
However, if the 200-hour SMA holds, the exchange rate could reverse north and try to exceed the predetermined resistance.
Written by Admin
Wells Fargo signage on May 5th, 2021 in New York City.Bill Tompkins | Michael Ochs ...
PNC Financial's Amanda Agati is predicting the retail frenzy's downfall.When the government starts eliminating stimulus ...
A 'We're Hiring!' sign is displayed at a Starbucks on Hollywood Boulevard on June 23, ...