The highs this week were seen near 1.2500 and that is just under the 100-day moving average (red line) at 1.2509 currently. But that is enough for sellers to keep their composure after having endured a poor showing on Tuesday after the US CPI data. And now, we're seeing price action even fall back below the 200-day moving average (blue line) of 1.2440.That sees sellers resume back a softer bias in the pair but just bear in mind that we also do have the 100-week moving average at 1.2398 to contest with on the week.In any case, the price action yesterday and so far today has been quite a blow to buyers. That especially if you couple it with other dollar pairs such as AUD/USD seen here. It look
Hence then, the article about gbp usd backs away after nearing key technical resistance this week was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( GBP/USD backs away after nearing key technical resistance this week )