Wed, 01 Jun 2022 12:15:23 GMT
GBP/USD moves below 200-hour SMA
At mid-day on Wednesday, the GBP/USD currency pair passed below the support of the 200-hour simple moving average. The event indicated that the pair could reach new low levels. However, support was almost immediately found in the 1.2560 mark.
If the Pound declines against the US Dollar below the 1.2560 mark, the currency exchange rate might look for support in the