GBP/USD Squeezed By 55- And 200 Hour SMAS

<p>Yesterday, the GBP/USD exchange rate tested the support level formed by the monthly S1 at 1.2292. During Friday morning, the rate was testing the 100-hour SMA near 1.2400. On the one hand, the given moving average could push the currency pair down to the monthly S1. If the given support does not hold, the pair […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/293614-gbp-usd-squeezed-by-55-and-200-hour-smas/">GBP/USD Squeezed By 55- And 200 Hour SMAS</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>