GBP/USD Consolidated At 1.2180

<p>At the end of last week, the GBP/USD exchange rate consolidated at 1.2180. During Monday morning, the rate maintained its consolidation. Note that the currency pair is pressured by the 55-, 100– and 200-hour SMAs in the 1.2200 area. Thus, some downside potential could prevail in the market. It is likely that the pair could […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/297745-gbp-usd-consolidated-at-1-2180/">GBP/USD Consolidated At 1.2180</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>