The GBP/USD pair shows some resilience below the 50-day Simple Moving Average (SMA) on Friday and stages a solid bounce from sub-1.2400 levels, or over a three-week low touched the previous day. The pair, however, retreats a few pips from the daily high touched during the early North American session and currently trades around the 1.2435-1.2445 region, up nearly 0.25% for the day. Read More…
The GBP/USD pair shows some resilience below the 50-day Simple Moving Average (SMA) and stages a modest recovery from sub-1.2400 levels, or over a three-week low touched the previous day. Spot prices trade with a mildly positive bias, around the 1.2425-1.2430 region, through the first half of the European session, albeit lacks bullish conviction. Read More…
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-bulls-target-12500-while-front-side-of-dynamic-support-202305191912
- $UP
- 1
- 13
- a
- American
- and
- around
- average
- below
- bias
- Bounce
- Bullish
- Bulls
- conviction
- Currently
- daily
- day
- during
- dynamic
- Early
- European
- few
- First
- For
- Forecast
- Friday
- from
- front
- GBP/USD
- Half
- High
- However
- HTTPS
- levels
- Low
- modest
- more
- moving
- moving average
- nearly
- news
- North
- of
- on
- or
- over
- pair
- plato
- Plato Data Intelligence
- PlatoData
- positive
- pound
- pound sterling
- previous
- price
- Prices
- recovery
- region
- resilience
- session
- Shows
- side
- Simple
- SMA
- solid
- some
- Spot
- Spot Prices
- stages
- sterling
- support
- Target
- The
- Through
- touched
- trade
- trades
- while
- with
- zephyrnet
