Thu, 05 Oct 2023 16:00:10 GMT
GBP/USD reaches pattern's resistance
On Thursday, the GBP/USD currency exchange rate passed the resistance of the 200-hour simple moving average that had kept the rate down since mid-Wednesday. After confirming the moving average as support, the rate approached the upper trend line of the channel down pattern that had guided the rate down since August 30.
If the pair breaks the pattern, resistance could