Pound Sterling picks up following a post-NFP slump, returns above 1.2600
|GBP/USD picks up following a post-NFP slump, returns above 1.2600
Pound Sterling slumps after upbeat US Nonfarm Payrolls data
GBP/USD Price Analysis: Bounces off bottom of range but soon stalls
GBP/USD has just bounced off the bottom of a medium-term consolidation range after forming a bullish Tweezer Bottom Japanese candlestick pattern.
The pair rose up strongly on Wednesday and Thursday but then hit stubborn resistance at the intersection of two major moving averages – the red 50-day and blue 100-day Simple Moving Averages (SMA) – and stalled. Read More...
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