The British pound recorded neutral session against the US dollar on Wednesday. The pair lost only 5 pips at a closing price of 1.3015. If the downward trend continues, most likely the pound will test the first support located at 1.3000. Otherwise, the upside, the pair will test resistance at 1.32000.
- Joined Jan 2013 | Status: Member | 4,173 Posts
MA provides the market's current direction and strength.