GBP/USD: The Pair is Trading with Clear Positive Bias

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

GBP/USD: The pair is trading with clear positive bias and price tested mid-1.26 mark as the rally was supported by both weaker USD and better than expected UK macro data. GBP bulls are also gaining some level of support from UK’s stimulus package allowing for a fundamentally supported price rally. Traders now await US data for short term profit opportunities.

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