GBPUSD backs off into support. Yesterday's resistance is today's support.
The GBPUSD moved higher yesterday, but upside momentum stalled near the lower end of a key swing area resistance zone between 1.3574 and 1.3602. The rally peaked at 1.3577 before sellers leaned against the resistance area and pushed the pair lower into the new trading day, sending the price back toward its 100- and 200-hour moving averages.During the Asian-Pacific session, buyers stepped in against the rising 200-hour moving average and stabilized the decline.
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