Fri, 16 Jul 2021 06:49:50 GMT
GBP/USD remains in range
The GBP/USD failed to pass the resistance zone near the 1.3900 level. Namely, the rate bounced off exactly the 1.3900 mark. This was followed by a decline to the support zone of the July 13 and 14 low levels just above the 1.3800 mark.
Meanwhile, note that, by large, the rate ignores the hourly simple moving averages.
In the near term