Daily analysis of GBP/USD for July 12, 2017

The pair has pulled back from the 200 SMA area at H1 chart and it’s currently finding support at the 1.2839 level, amid USD weakness. Overall, as long as GBP/USD remains below that moving average, we might expect a bearish continuation to test the 1.2756 level following a breakout of the 1.2839 zone. MACD indicator […]