GBPUSD has been edging higher after finding its feet at the all-time low of 1.0324 in late September. Even though the pair has staged a strong rebound, it is currently experiencing downside correction, with the 200-day simple moving average (SMA) acting as a strong floor. The short-term oscillators currently suggest that bearish forces are in control. Specifically, […]
The post GBPUSD Battles with 200-Dday SMA as Pullback Extends appeared first on Action Forex.
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