GBPUSD Makes a Return to 200-Day SMA

The Pound-Dollar has been making headway recently, however, it failed to break above a key resistance level at 1.40000 over the previous week. This indicates, that the pair may be looking to find some support near the 200-Day moving average which hovers above the key support level at 1.37000.

  • Overall, as the pair continues to find some sort of direction, traders may see continued sideways movement ranging between the two key support and resistance levels.