Mon, 17 Apr 2023 12:54:14 GMT
GBP/USD declines to 1.2400
The GBP/USD plummeted late on Friday, as the pair dropped from 1.2540 down to 1.2400. On Monday, the rate reached to 1.2380, before recovering. At mid-day the pair traded near the combined resistance of the weekly simple pivot point at 1.2433, the 1.2440 level and the 200-hour simple moving average.
A move above 1.2440 could face resistance in the combination of