GBP/USD stabilizes at 1.3200 as dip-buyers emerge to counter the recent rejection from the 100-period SMA on the 4-hour timeframe.
GBP/USD is defending the 1.3200 support level after a rejection from the 100-period SMA, with dip-buyers stalling the previous day's slide.
The GBP/USD pair finds support near the 1.3200 level during Tuesday's Asian trading session. This buying interest halts the previous day's decline, which followed a rejection from the 100-period Simple Moving Average on the 4-hour chart.
The pair is currently defending the 1.3200 support level after failing to sustain momentum above the 100-period SMA on the 4-hour chart.