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GBP/USD inches closer towards its 200-day moving average as buyers seek further breakout

GBP/USD inches closer towards its 200-day moving average as buyers seek further breakout

Football's coming home.. England's progress to the RO16 in Qatar is certainly helping to lift the mood. I kid.

But with the dollar plunge yesterday, it has certainly reinvigorated the pair in a push from below 1.2000 to above 1.2100 today. Since the break higher in November, price action has been caught between its 100-day moving average (red line) and 200-day moving average (blue line). Right now, we are closing in... Read More

Posted: Dec 1 2022, 09:14
Author Name: forexlive
Views: 110292

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