GBP/USD has more room to the downside than the upside as May struggles for her political life

The GBP/USD is trading below 1.3000 once again, amid concerns about Brexit negotiations and the political future of PM Theresa May. What’s next? The Technical Confluences Indicator shows that the pair faces fierce resistance at 1.2983. This is the convergence of the Simple Moving Average 5-15m, the Fibonacci 61.8% one-day, the SMA 5-1h, the SMA 10-4h, and the Fibonacci 61.8% […]

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