GBP/USD Trades Sideways At 1.2420

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<p>Yesterday, the GBP/USD exchange rate traded sideways in the 1.2420 area. During Friday morning, the rate maintained its consolidation. Given that the currency pair is pressured by the 55-hour moving average near 1.2440, it is likely that some downside potential could prevail. Note that the nearest support level—the monthly PP, is located at 1.2346. On […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/306499-gbp-usd-trades-sideways-at-1-2420/">GBP/USD Trades Sideways At 1.2420</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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