GBPUSD Flirts with 20-Day SMA, Suggesting More Losses

GBPUSD is currently positioned within the 20- and 40-day simple moving averages (SMAs), which are pointing upwards. The current bias appears negative, as the MACD is holding below the zero level, while the RSI is sloping down in the negative territory. Should weakness extend below the 1.2455 mark, support to downside movements could initially be detected within the 1.2070-1.2150 […]

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