GBP/USD holds above the 200-day SMA
GBP/USD remains above its 200-day SMA at $1.2434, which held the cross on Wednesday, despite UK house price balance hitting a 14-year low. It measures the gap between the percentage or respondents seeing rises and falls in house prices.
A slip through Wednesday’s low at $1.2435 may lead to the next lower June low at $1.2369 to be reached.
Resistance remains to be seen at the $1.2549 late August low and Monday’s high and then also at the $1.2591 June low. While next higher resistance at $1.2819 isn’t overcome, the medium-term trend remains bearish, though.
https://news.google.com/rss/articles/CBMidWh0dHBzOi8vd3d3LmlnLmNvbS9lbi1jaC9uZXdzLWFuZC10cmFkZS1pZGVhcy9hcnRpY2xlLXRpdGxlLS1fZXVyLXVzZC0tZXVyLWdicC1hd2FpdC1lY2ItcmF0ZS1kZWNpc2lvbi13aGlsZS1nLTIzMDkxNNIBAA?oc=5
2023-09-14 09:30:54Z
CBMidWh0dHBzOi8vd3d3LmlnLmNvbS9lbi1jaC9uZXdzLWFuZC10cmFkZS1pZGVhcy9hcnRpY2xlLXRpdGxlLS1fZXVyLXVzZC0tZXVyLWdicC1hd2FpdC1lY2ItcmF0ZS1kZWNpc2lvbi13aGlsZS1nLTIzMDkxNNIBAA
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