Yesterday, the GBP/USD exchange rate dropped to the 1.3250 level and reversed north.
It is likely that some downside potential could prevail in the market as the currency pair is pressured by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.3380/1.3425 range.
It is likely that some downside potential could prevail in the market as the currency pair is pressured by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.3380/1.3425 range.
