British Pound

GBP/USD Trades Firm and Continues to Ride on USD’s Temporary Weakness

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

GBP/USD: The pair is trading firm above 1.23 handle as GBP continues to ride on USD’s temporary weakness. However, USD has managed to prevent further decline resulting in range-bound price activity within familiar price levels. Traders now await Fed update and Powell Speech for directional bias and short term profit opportunities.

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