Tue, 30 Apr 2024 10:47:18 GMT
GBP/USD has support from 50-hour SMA
The GBP/USD currency pair initially failed to reach above the 1.2535/1.2540 range. However, on Monday, the range was passed. On Tuesday, the 50-hour simple moving average caught up with the pair and provided additional support.
In general, the rate is expected to move higher and test the resistance of the weekly R1 simple pivot point at 1.2588 and the