Technical: GBP/USD Price Analysis: Extends bounce off 50-SMA towards 1.2330 support-turned-resistance

GBP/USD remains on the front foot as bulls attack the 1.2300 mark during Tuesday's Asian session, following an upbeat start of the week. In doing so, the Cable pair stretches the previous run-up from the 50-bar Simple Moving Average (SMA) and the 61.8% Fibonacci retracement level of the quote's January-March downside. Adding strength to the upside bias ...     Alert Mar 28, 2023, 6:47am Technical: GBP/USD Price Analysis: Extends bounce off 50-SMA towards 1.2330 support-turned-resistance GBP/USD remains on the front foot as bulls attack the 1.2300 mark during Tuesday's Asian session, following an upbeat start of the week. In doing so, the Cable pair stretches the previous run-up from the 50-bar Simple Moving Average (SMA) and the 61.8% Fibonacci retracement level of the quote's January-March downside. Adding strength to the upside bias ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support