GBPUSD yesterday found a foothold on the mid-Bollinger band presently at the 1.2461 level, that being the 50.0% Fibonacci retracement of the down leg from 1.3514 to 1.1410. The flattened 200-day simple moving average (SMA) at 1.2683 and the 61.8% Fibo of 1.2711 overhead (forming a vital resistance area) are obstructing upside price actions. The […]