GbpUsd caped by 1.25-1.2550 zone
After the recent low of 1.2250, GbpUsd has risen and has formed an upwards channel. The rise is not impulsive and it looks to me more like a distribution.
I expect the pair to drop hard to at least 1.2 zone in the next period.
Interim support is at 1.22 zone
I expect the pair to drop hard to at least 1.2 zone in the next period.
Interim support is at 1.22 zone
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