On Thursday, the British Pound fell by 51 pips or 0.36% against the US Dollar. The currency pair was pressured lower by the 55– hour simple moving average during Thursday’s trading session.
Given that the 55-, 100– and 200– hour SMAs are above the price level, bearish traders could continue to drive the exchange rate lower during the following trading session.
However, the GBP/USD currency exchange rate might find support at 1.3733 within this session.
