GBP/USD Squeezed By Moving Averages

<p>On Wednesday, the GBP/USD exchange rate revealed a medium-term ascending channel. During today’s morning, the rate was trading at 1.2260. Note that the currency pair is squeezed by the 55-, 100– and 200-hour moving averages, located near 1.2235 and 1.2290. Thus, it is likely that the pair could trade sideways in the short term. Meanwhile, […]</p>
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