GBP/USD Analysis: Supported By 100-Hour SMA

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<p>Yesterday, the GBP/USD exchange rate failed to exceed the Fibo 61.80% at 1.2646. During Friday morning, the rate was testing the resistance provided by the 55-hour SMA and the weekly R1 at 1.2600. If the given resistance holds, it is likely that some downside potential could prevail in the market, and the currency pair could […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/310110-gbp-usd-analysis-supported-by-100-hour-sma/">GBP/USD Analysis: Supported By 100-Hour SMA</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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