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GBP/USD Price Analysis: Bears Eying 1.23 Breakout as USD Firms up

Started by forex4you, May 11, 2022, 10:01 am

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GBP/USD Price Analysis: Bears Eying 1.23 Breakout as USD Firms up

The GBP/USD pair could extend its sell-off after validating the flag pattern. A new lower low could activate a larger downside movement. The bias remains bearish despite temporary rebounds. The GBP/USD price maintains a bearish bias despite temporary rebounds. The pair was trading at 1.2322 at the time of writing, far below 1.2375 today’s high. … Continued


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