-Pair broke 50-SMA and fell 1.7 percent before retracing to near-term support levels early this month.
[B][U]GBP/USD Technical:[/U][/B]
- Resistance: 1.9895
- Support: 1.9700
- Pair broke 50-SMA and fell 1.7 percent before retracing to near-term support levels early this month.
- Looking ahead, 1.99 will represent a considerable test for the recent pound rally since it has acted as both support and resistance for the past few weeks.
See Daily Technicals for more details:
Tight Ranges Could Lead to Breakouts
Daily Chart
