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GBPUSD moves to a new session low. Can the sellers build on the bearish bias shift?
The GBPUSD has maintained its downward trajectory today, following yesterday's significant drop from a new 2023 high of 1.25833 on Friday. Yesterday's decline brought the pair down to its 100-hour moving average (blue line), where buyers halted the fall. The low reached 1.24797 before consolidation. In today's Asian session, the price rebounded towards a swing area between 1.2511 and 1.25149 (see red numbered circles on the chart above). Sellers resisted this area twice today, leading to further...
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Posted: May 2 2023, 13:39
Author Name: forexlive
Views: 102222