Did GBPUSD Get Caught in a False Breakout?

<p><img width="612" height="410" src="https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp198.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp198.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp198-600×402.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp198-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp198-300×201.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>GBPUSD trims gains after rejection from 200-SMA Buying appetite falls; support at 1.2260-1.2300 GBPUSD could not find enough buyers to expand Friday’ bull run above its 200-day simple moving average (SMA), closing with marginal losses within the 1.2300 area on Monday. Given the current negative momentum in the price, the question now is whether the […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/526347-did-gbpusd-get-caught-in-a-false-breakout/">Did GBPUSD Get Caught in a False Breakout?</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>