GBP/USD Tests 200-Hour SMA

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<p>Yesterday, the GBP/USD exchange rate raised to the weekly PP at 1.2218. During Tuesday morning, the rate was testing the 200-hour SMA near 1.2270. If the given moving average holds, it is likely that a reversal south could occur in the nearest future. In this case the rate could target the psychological level at 1.2100. […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/296327-gbp-usd-tests-200-hour-sma-3/">GBP/USD Tests 200-Hour SMA</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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