GBP/USD Price Analysis

GBP/USD hovering in the neutral territory, around the 1.3985-90 region. UK jobs report pushed GBP/USD to multi-week tops on Tuesday. The pair added to the previous day's massive rally of over 180 pips and edged higher during the first half of the trading action on Tuesday. The uptick pushed the pair to the highest level since early March and was supported by the prevalent bearish sentiment surrounding the US dollar. Bulls, however, struggled to capitalize on the move, or find acceptance above the key 1.4000 psychological mark.
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