GBP/USD Tests Support Area

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<p>Yesterday, the GBP/USD exchange rate tried to surpass the 1.2340 level. During Friday morning, the rate was testing the support formed by the 55-hour SMA, the weekly R1 and the monthly S1 in the 1.2290 area. If the given support holds, it is likely that a reversal north could occur in the nearest future. Note […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/299181-gbp-usd-tests-support-area/">GBP/USD Tests Support Area</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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