GBPUSD trades above and below 200 day MA

BY admin admin

After stalling twice at the 200 day MA, the last two days has seen price action above and below the MA
The GBPUSD stalled in April not once but twice right against its 200 day moving average (green line in the chart below).  Finally on Friday, the price of the pair extended above the moving average level and the 61.8% retracement

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