GBP/USD recovered more than 50-pips from the intra-day 1.3020
GBP/USD Technical Analysis
The 50-day simple moving average (SMA) near 1.3100 can restrict immediate upside ahead of moving market attention to 1.3155 and the downward sloping trend-line stretched since mid-March, near 1.3200.
Meanwhile, 200-day SMA level of 1.2980 becomes important support to watch during the pair’s decline whereas 1.2930, including 100-day SMA, and 1.2900 round-figure may please sellers than after.
The 50-day simple moving average (SMA) near 1.3100 can restrict immediate upside ahead of moving market attention to 1.3155 and the downward sloping trend-line stretched since mid-March, near 1.3200.
Meanwhile, 200-day SMA level of 1.2980 becomes important support to watch during the pair’s decline whereas 1.2930, including 100-day SMA, and 1.2900 round-figure may please sellers than after.