British Pound

GBP/USD Takes Advantage of USD’s Weakness Building a Positive Price Rally


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

GBP/USD: The pair similar to EURO managed to take advantage of USD’s weakness and built a positive price rally today. However, it has lost most of its intra-day gains and is currently back below 1.25 handle with a strong supply around the 1.2490 handle in the immediate future. As the trading session comes to close for the week, GBP is likely to make repeated attempts at scaling 1.25 handle albeit slim chances for the same given lack of strength in Pound bulls. 

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