GBP/USD Tests Resistance

<p>Yesterday, the GBP/USD exchange rate breached the short-term descending channel north. During Thursday morning, the rate was testing the resistance formed by the Fibo 50.00% and the weekly R1 at 1.2420. It is likely that the currency pair could gain support from the 55-, 100– and 200-hour SMAs in the 1.2320 and trade upwards in […]</p>
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