GBP/USD remains vulnerable in 1.20/1.21 area - ING
Updated
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The downtrend of GBPUSD is still ongoing, as the pair was unable to surpass the support level of 1.2110 USD/ounce. Currently, it has seen a slight increase and is now trading at 1.2193 USD/ounce despite the strengthening Dollar. It can be assumed that these positions have been closed.
Similar to EUR/USD, the vulnerability of the GBP/USD pair persists in the range of 1.20/1.21 area.
The downtrend of GBPUSD is still ongoing, as the pair was unable to surpass the support level of 1.2110 USD/ounce. Currently, it has seen a slight increase and is now trading at 1.2193 USD/ounce despite the strengthening Dollar. It can be assumed that these positions have been closed.
Similar to EUR/USD, the vulnerability of the GBP/USD pair persists in the range of 1.20/1.21 area.
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