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British Pound / U.S. Dollar
Long

GBPUSD Potential Upsides

By JoeChampion
Hey Traders, In today's trading session, we are monitoring GBP/USD for a buying opportunity around the 1.24250 zone. GBP/USD is approaching a retracement area of the 1.24250 zone. Fundamentally, the latest Consumer Price Index (CPI) data was soft and signals the possibility of upcoming dovish Federal Open Market Committee (FOMC) actions, which may trigger some USD weakness in the next couple of weeks.
Trade safe, Joe.
Beyond Technical AnalysisBullish PatternsbuyFundamental AnalysisGBPGBPUSDLONGTechnical AnalysisTrend AnalysisUSD
JoeChampion
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