GBPUSD corrects higher after 200 hour MA stalled the fall

BY admin admin

The 1.23038-1.23292 is a ceiling area now
The GBPUSD is moving higher after the 200 hour MA (green line) held support.  The low for the day reached 1.22037.  The pair currently trades at 1.22738 after just reaching a high of 1.2287.

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