GBPUSD can't break the 1.2450 barrier and there are multiple rejections on the daily timeframe.
So, the bulls are weakening and the chances of a drop below 1.20 is increasing.
Dollar demand will push GBPUSD below 1.20 which gives sellers opportunity to make 400 pips gain.
So, the bulls are weakening and the chances of a drop below 1.20 is increasing.
Dollar demand will push GBPUSD below 1.20 which gives sellers opportunity to make 400 pips gain.
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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.