GBP/USD eyes 1.2608 as the next downside level

GBP/USD made a round trip to the upside on Tuesday after UK PM Theresa May presented a new plan only to see it rejected by her colleagues and her political opponents alike. What’s next for GBP/USD? The Technical Confluences Indicator shows that GBP/USD faces resistance at 1.2721 which is the convergence of the Simple Moving average 100-15m, the SMA 5-4h, […]

The post GBP/USD eyes 1.2608 as the next downside level appeared first on Forex Crunch.

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