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GBP/USD Takes Another Shot At 55-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Mar 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    With most of the US data disappointing yesterday, the Sterling was able to outperform the US Dollar and not only climb over the 1.42 level, but nearly even reach the 1.43 mark. The 55-day SMA around 1.4280 was the level to limit yesterday's upside volatility, continuing to provide solid resistance[​IMG]

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