Bases on the daily candles, it appears GBP/USD bulls are running into some resistance here. For two consecutive days, GBP/USD bulls have failed to clear the 1.2660 level. So, buyers must be careful at this point.
If the 1.2660 level remains unbroken, there is a chance that GBP/USD may slide back to the 1.25 level.
That being said, the trend remains neutral. So, one must avoid rushing with the sells.
I
If the 1.2660 level remains unbroken, there is a chance that GBP/USD may slide back to the 1.25 level.
That being said, the trend remains neutral. So, one must avoid rushing with the sells.
I
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.