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GBPUSD Technical Analysis - Rangebound

On the daily chart below for GBPUSD, we can see that the last two tries from the buyers of breaking above the top of the range and sustain a bullish trend failed. The first one failed due to bad top tier US economic data that scared the market and turned the sentiment into risk-off. The price then rallied as the US NFP surprised again expectations with strong jobs numbers and lower wage pressures. Last Friday though the US retail sales missed expectations across the board sending the price lower... Read More

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Content Topics

Gbpusd

Technical

Analysis

Rangebound

Forex

Posted: Apr 18 2023, 09:40

Author Name: forexlive

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