GBPUSD Challenges the 20-Day SMA above 1.3100; Outlook Still Bearish

GBPUSD is developing near the 20-day simple moving average (SMA) and below the significant barrier of the 23.6% Fibonacci retracement level of the down leg from 1.3750 to 1.3000 at 1.3175. Over the last month, the price is looking neutral as it failed to post a lower low or a jump above the previous high […]

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