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GBPUSD drops below uptrend line Price remains within sideways channel MACD and RSI indicate neutral-to-bearish bias GBPUSD dropped beneath the long-term ascending trend line and the 200-day simple moving average (SMA. Nevertheless, it has not escaped the consolidation area of 1.2520-1.2820, which has confined the price action since November 24. Currently, the pair is trying to recoup some […]

The post GBPUSD Battles With 200-Day SMA appeared first on Action Forex.

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