GBP/USD Pressured By 55-And 200-Hour SMAS

<p>On Tuesday, the GBP/USD exchange rate breached the medium-term ascending channel north. As apparent on the chart, the rate reversed south from the 1.2540 mark. It is likely that some downside potential could prevail in the market, as the currency pair could be pressured by the 55– and 200-hour SMAs in the 1.2480 area. In […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/306190-gbp-usd-pressured-by-55-and-200-hour-smas-3/">GBP/USD Pressured By 55-And 200-Hour SMAS</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>