The analysis of the GBPUSD price movement over the past week reveals a stagnation in a tight 500 pip range, predominantly hovering around the 1.2620 level. Despite attempts by bears to initiate a downward trend analogous to the EURUSD, the GBPUSD has managed to find support around the 200-day moving average, showcasing a temporary stalemate
Technical Analysis
The cryptocurrency market capitalization hit a low of $2.63 trillion, marking the bottom of the range for the week. In the past 24 hours, the top coins have shown minimal momentum, with Bitcoin (BTC) experiencing a 0.9% decrease, Ethereum dropping by 1.9%, and Binance Coin (BNB) declining by 3%. On the other hand, Solana saw