Tue, 27 Jun 2023 14:52:37 GMT
GBP/USD remains below 200-hour SMA
The 200-hour simple moving average is stopping the Pound from surging higher against the US Dollar. The SMA is strengthening the 1.2750 level, which is most likely also providing its impact. In general, previous forecast scenarios remains relevant.
A move above 1.2750 could encounter resistance in the 1.2800 mark and the weekly R1 simple pivot point at 1.2806. Above these levels,