GBPUSD Found Support from the 100-Day Moving Average
Burc Oran
April 14, 2021
GBPUSD Daily Chart, 50-100-200-Day Moving Average

GBPUSD found support from the 100-day moving average with the help of better than expected manufacturing and industrial production data. The lower line of the bullish trend channel and 100-day moving average combined may present a powerful support zone at 1.3615-1.37 zone. As long as this zone holds, the price may turn upward. The 50-day moving average must be passed for to go further north.

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