The GBP / USD pair has increased its sustained intraday drop from 2- 1/2 month highs and is currently located around the 1.3030- 25 region at the lower end of its daily trading zone.
The pair had difficulty proceeding beyond the extremely important 200-day SMA this week and began to withdraw from the 1.3100 neighbourhood, the highest since 8 Nov.
In the absence of any fresh driving factor, the corrective slide could be only directly linked to certain profits during a good pick- up in US dollar demand. The pair managed to snap three straight days of a successful gains.
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