GBP/USD forex analysis: Retest and failure at 1.2100 level? [Video]
Price failed at the 1.2100 level during Monday’s trading. 1.2100-08 the Figure and the 79% fib retracement level. Over the next 24 to 48 hours watching for price to retest and fail at this intraday resistance level for a long term decline back down the range. Read more...
GBP/USD Forecast: Buyers refuse to give up as focus shifts to Powell
GBP/USD has regained its traction and climbed to the 1.2000 area early Wednesday after having declined toward 1.1950 earlier in the day. The pair's next directional movement could be driven by the market reaction to FOMC Chairman Jerome Powell's remarks on the policy outlook later in the day. Read more...
GBP/USD refreshes daily top, retakes 1.2000 mark amid modest USD weakness
The GBP/USD pair attracts some buying on Tuesday and maintains its bid tone through the first half of the European session. The pair is currently placed near the daily peak, with bulls now looking to build on the momentum beyond the 1.2000 psychological mark. Read more...
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