PULLBACK IN GBPUSD TO 1.27 IS LIKELY BASED ON CAPITAL FLOW
The GBP is likely to fall back towards 1.27 against the U.S. Dollar based on global capital flow divergence observable in equity markets.
The 1.27 level represent the point of control in the last 12 months where most transactions were taken place.
The 1.27 level represent the point of control in the last 12 months where most transactions were taken place.
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