Tue, 19 Oct 2021 08:55:07 GMT
GBP/USD surges despite breaking pattern
The GBP/USD passed the support of the channel up pattern. However, as the rate approached the 55-hour simple moving average and the 1.3710 level, a recovery began. By the start of Tuesday's European trading hours, the pair had almost reached the 1.3800 mark.
If the rate finds resistance at the 1.3800 mark, it could either trade sideways below it or decline.