GBPUSD increases unstable
Dear readers, The GBP/USD pair is currently recovering in today's trading session after dropping to the support level of 1.205. At the time of writing, this currency pair is trading at 1.213. However, with more people accepting the Federal Reserve's stance as a hawkish anchor for this pair, it is playing a pivotal role at the moment.
From a personal standpoint, I still believe that any immediate increase can only be short-term for GU. The likelihood of the resistance level being breached with a rejection here suggests that the downward trend will continue. What are your thoughts on GU in the near future?
From a personal standpoint, I still believe that any immediate increase can only be short-term for GU. The likelihood of the resistance level being breached with a rejection here suggests that the downward trend will continue. What are your thoughts on GU in the near future?
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