GBPUSD came under fresh selling pressures after its rebound off 1.3000 touched the 20-day simple moving average (SMA) and the 1.3200 round level, with the price decelerating to an intra-day low of 1.3119 on Tuesday. The pair is also struggling to preserve strength above the 23.6% Fibonacci retracement of the 1.1409 – 1.4248 up leg at 1.3163. […]
The post GBPUSD Pulls Below 1.3200; Bearish But Not Too Bearish appeared first on Action Forex.
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