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GBP/USD Price Pauses Gains By 1.1200, All Eyes on US PCE

Started by forex4you, Oct 01, 2022, 08:26 pm

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GBP/USD Price Pauses Gains By 1.1200, All Eyes on US PCE

The GBP/USD pair reached strong resistance levels, so a sell-off is possible. The 1.1400 and the downtrend line represent strong upside obstacles. The up-channel could represent a bearish pattern. The GBP/USD price rallied in the short term as the US dollar saw a mild downside correction. The pair is trading at 1.1172 at the time … Continued


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