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GBP/USD Consolidates Gains

Started by PocketOption, Feb 09, 2022, 02:33 pm

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PocketOption

Feb 09, 2022, 02:33 pm
GBP/USD Consolidates Gains

The sterling turns higher as traders price in an increasingly hawkish Bank of England. A break above 1.3520 forced sellers to cover some of their positions. However, the pound's rally came to a halt in the supply zone around 1.3620. The RSI's overbought situation and bearish divergence suggest softness in the underlying momentum. The pair […]


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