GBP/USD recovers from this week’s low GBP/USD is seen heading back up towards the 55-day SMA at $1.2491 and the September to February tentative down
GBP/USD recovers from this week’s low
GBP/USD is seen heading back up towards the 55-day SMA at $1.2491 and the September to February tentative downtrend line at $1.2502.
While Tuesday’s low at $1.2333 underpins, a short-term uptrend remains in play. Below it lie the January to February support line at $1.2326, the $1.2307 mid-January high, and last Monday’s low at $1.2250.
Good resistance remains between the late January high at $1.2524 and last week’s peak at $1.2550.
GBP/USD daily chart
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