Bases on the daily candles, it appears GBP/USD bulls are running into some resistance here. For two consecutive days, GBP/USD bulls have failed to clear the 1.2660 level. So, buyers must be careful at this point.
If the 1.2660 level remains unbroken, there is a chance that GBP/USD may slide back to the 1.25 level.
That being said, the trend remains neutral. So, one must avoid rushing with the sells.
I
If the 1.2660 level remains unbroken, there is a chance that GBP/USD may slide back to the 1.25 level.
That being said, the trend remains neutral. So, one must avoid rushing with the sells.
I
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