Wed, 17 Nov 2021 13:07:29 GMT
GBP/USD encounters SMA
The GBP/USD currency exchange rate reached and pierced the resistance of the 200-hour simple moving average at mid-day on Wednesday. Previously, during the morning hours of the day, the rate declined and shortly traded below the support of the 100-hour SMA. Meanwhile, analysts spotted a channel up pattern on the rate's hourly candle chart.
In the case of a surge, the