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GBP/USD has the technical momentum on its side, but can that hold?

The pound has been quite resilient in recent times and if you look at the GBP/USD chart above, you can see that the pair is actually on the hunt for a eight consecutive weekly gain. While the post-Fed slump in the dollar certainly helped, the pair is actually closer to flat levels on the week now and it is a question of whether buyers can keep the break above 1.2500 from last week.That seemed to be a strong foundation for a further push higher but buyers have been struggling somewhat this week,... Read More

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Gbp

Usd

Technical

Momentum

Side

That

Hold

Gbp usd

Forex

Posted: May 4 2023, 07:34

Author Name: forexlive

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