With no current directional strength, a price acceleration above mentioned 20 SMA should lead to a quick spike up to 1.7050, while an extension above this last should put the pair back in the bullish side, looking then for a test of 1.7095.
If price however extends its slide below 1.6950, stops will likely be triggered, accelerating the slide towards 1.6910 price zone.
View Live Chart for GBP/USD
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Dear Japan Intervenes in the Yen for the first time since November 2022 Will it work? Have we seen a top in USDJPY? Let's go through the charts.