GBP/USD Tests Fibo 50.00%

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<p>Yesterday, the GBP/USD exchange rate consolidated in the 1.2480 area. During Friday morning, the rate was testing the Fibo 50.00% at 1.2418. If the given support level holds, it is likely that a reversal north could occur. Note that the currency pair would have to surpass the 55– and 100-hour SMAs in the 1.2500 area. […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/288064-gbp-usd-tests-fibo-50-00-2/">GBP/USD Tests Fibo 50.00%</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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