GBP/USD retraces half of July’s losses, edges above short-term SMAs. Technical risk is skewed to the upside, but another challenge looms near 1.3635. GBP/USD escaped a drop below the 1.3390–1.3400 support area last week, helped by dollar weakness, and is now attempting a close back above its 20- and 50-day simple moving averages (SMAs) near […]The post GBP/USD Recovery Faces Key Test appeared first on Action Forex.