GBP/USD may have bottomed out after ignoring bad news

GBP/USD trades steadily at the 1.2700 handle, shrugging off the government’s defeat in Parliament. Cable’s strength is also evident in the charts. The Technical Confluences Indicator shows that GBP/USD has significant support in the 1.2689-1.2702 range. The dense cluster of technical lines includes the Simple Moving Average 50-4h, the Bollinger Band 1h-Lower, yesterday’s low, the SMA 100-1h, the SMA 10-1d, […]

The post GBP/USD may have bottomed out after ignoring bad news appeared first on Forex Crunch.

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