Hey traders, it's becoming increasingly clear that the USD is poised for a downturn in the current market climate. The negative leading indicators are starting to pile up, and it's time to take notice. Take a look at the recent GBP breakout to higher highs (HH). This is a strong signal that the GBP is gaining momentum and could potentially reach the next resistance level. I'm forecasting a target of 1.26 for the GBP, and I believe that this is an achievable goal in the near future. Keep a close eye on the markets and be ready to make some strategic moves to capitalize on this trend.
Target: 1.26
Target: 1.26
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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.