Thu, 08 Apr 2021 10:09:42 GMT
GBP/USD breaks pattern
On Wednesday, the resistance of the 55 and 100-hour simple moving averages was enough for the rate to decline and break the channel up pattern. Moreover, the weekly S1 simple pivot point was ignored during the decline.
In the meantime, it was spotted that the 1.3720/1.3725 zone was providing the currency exchange rate with support. The GBP/USD could trade above