GBP/USD Pressured By Moving Averages

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<p>At the end of last week, the GBP/USD exchange rate tried to surpass the resistance level formed by the 100-hour SMA near 1.2520. During Monday morning, the rate was testing the resistance formed by the 55– and 200-hour SMAs near 1.2470. If the 55– and 200-hour SMAs hold, it is likely that some downside potential […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/288540-gbp-usd-pressured-by-moving-averages/">GBP/USD Pressured By Moving Averages</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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