GBP/USD
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GBP/USD – Will 50-day moving may lend support to the pair
The GBP/USD price is struggling to hold onto the gains after finding a bearish engulfing bar on the daily chart. The price closed below the 20-day moving average and played around the 200-day moving average. The 50-day moving may lend support to the pair. However, the 100-day SMA is flat, and it may attract the […]
GBP/USD
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GBP/USD – Will the price meet the 50/100 SMAs
After hawkish Fed meeting minutes, the GBP/USD price stalled the uptrend. The bearish engulfing candlestick on the daily chart reveals a potential downtrend that may lead toward the conjunction of 50-day and 100-day SMAs around 1.1700. However, the price at current levels may find mild support from the 20-day and 200-day SMAs. Breaking below the […]
