GBPUSD through 200 day SMA & Approaching Resistance
Weekly chart showing GBPUSD has moved through the 200 SMA for the first time since 2014 and after some thinking about it the price action has continue up.
It is approaching a 2018 resistance level around 1.43 so we might see a rejection from here and a move up from the 200 SMA which should act as a support.
The last time GBPUSD moved above the 200 SMA level it was only there for a few weeks however so important to work out where to take partial profits if there is a move up.
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