Mon, 04 Oct 2021 07:56:46 GMT
GBP/USD finds resistance in July low
The GBP/USD recovery passed the resistance of the 55-hour SMA and the 100-hour SMA on Friday. On Monday, the rate paused the surge. After a short investigation, it was discovered that the July low level zone of 1.3575/1.3790 was providing resistance.
In the meantime, the 200-hour SMA had approached and strengthened the resistance zone. In addition, the 55 and 100-hour