GBP/USD Analysis: Revealed Medium-Term Channel

<p>Yesterday, the GBP/USD exchange rate revealed corrected medium-term descending channel. During Friday morning, the rate was testing the 55-hour SMA near 1.2460. From a theoretical point of view, it is likely that some downside potential could prevail in the market. In this case the currency pair could decline to the psychological level at 1.2350. Meanwhile, […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/308301-gbp-usd-analysis-revealed-medium-term-channel/">GBP/USD Analysis: Revealed Medium-Term Channel</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>