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GBP/USD Price Fades Spike Above 1.23 After BoE’s 25-bps Hike

Started by forex4you, Mar 27, 2023, 10:52 am

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Mar 27, 2023, 10:52 am
GBP/USD Price Fades Spike Above 1.23 After BoE's 25-bps Hike

The GBP/USD pair turned to the downside after registering only false breakouts through the R2. The BOE should be decisive today. The Rising Wedge pattern could be activated after a valid breakdown below the uptrend line. The GBP/USD price dropped in the short term and is trading at 1.2287 at the time of writing. The … Continued


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