British Pound

GBP/USD is Trading in a Zig-Zag Pattern around the 1.2200 Handle

GBP/USD Hourly (H1) Chart
GBP/USD Hourly (H1) Chart

GBP/USD: The pair is trading in a zig-zag pattern around the 1.2200 handle driven by short term hedging and scaling trading activities. But firm USD and broad-based risk-averse tone hint at clear dovish fundamentals for British Pound in the immediate future. Traders now await US data for short term profit opportunities. 

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