Climbs on UK fiscal changes, stalls at 100-day SMA
GBP/USD bounces off two-month low of 1.2907, testing resistance near the 100-day SMA at 1.2964. Sellers maintain control as momentum points downward, with key support at 1.2900 and the 200-day SMA at 1.2800. A move above 1.3000 could open the door for a test of 1.3102, with further resistance at the 50-day SMA at 1.3140. … Read more