Technical Analysis: GBP/USD

The pair reached the 200-Day SMA by 1.6140. A daily close above this level would confirm the uptrend...

The pair reached the 200-Day SMA by 1.6140. A daily close above this level would confirm the uptrend ahead of the 1.4550 resistance. However, should the pair stall out by the 200-Day SMA, we could see a new decline towards the 100-Day SMA by 1.6020 or the 50-Day SMA by 1.5810.

Edward Smith, technical analyst of company Admiral Markets.

At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.

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