Downside Risks Remain for the GBPUSD as the Pair Struggles to Break Above the 200day SMA

The British pound pared yesterday’s decline against the U.S. dollar, but now looks to find major resistance at the 200-day moving average. Failure to make a clear break above 1.5500 may lead to downside risks back towards 1.5370 over the next twenty four hours.

Read More Downside Risks Remain for the GBPUSD as the Pair Struggles to Break Above the 200day SMA

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