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GBPUSD Technical Analysis - Bulls and Bears are Watching a Key Level

Last week the US CPI report missed across the board and led to a strong rally in GBPUSD as the market priced out the more hawkish path for the Fed and now expects the July hike to be the last one. The resilient labour market, the rising consumer sentiment and the better than expected Retail Sales, have also increased the chances of getting a soft landing which contributed to the positive risk sentiment and the USD weakness. Conversely, the UK CPI this week missed expectations across the board an... Read More

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Content Topics

Gbpusd

Technical

Analysis

Bulls

Bears

Watching

Level

Forex

Posted: Jul 20 2023, 11:42

Author Name: forexlive

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