On Tuesday morning, the GBP/USD was being pushed higher by the 55-hour SMA. Previously, it was expected that this might occur. By the middle of the day, the rate had tested the resistance of the 1.2700 level, which managed to hold.
In regards to the near term future, the rate was set to be pushed above the 1.2700 level by the 55-hour SMA.
On the other hand, the rate might trade between the support of the monthly pivot point at 1.2600 and the 1.2700 level.
