GBP/USD Price Forecast: Tests nine-day EMA above descending channel near 1.2550 – FXStreet
GBP/USD is located above the descending channel, suggesting a weakening bearish bias. The upper bound of the descending channel acts as a major support near the 1.2540 level. Immediate resistance appears at the 9-day EMA at the 1.2565 level. GBP/USD has regained recent losses and is trading around 1.2550 in European time on Tuesday. Daily […]