Wed, 27 Oct 2021 10:16:02 GMT
GBP/USD plummets on Wednesday
On Tuesday, the GBP/USD currency exchange rate bounced off the resistance of the weekly R1 simple pivot point and the 1.3830 mark. The following decline reached the 200-hour simple moving average near 1.3760 and began to trade around the moving average.
However, on Wednesday morning, the 100-hour simple moving average provided resistance at 1.3780. The event resulted in a sharp