GBPUSD : Break the falling price channel!
During the bustling trading session in Europe on Wednesday, the GBP/USD pair maintained its position below the 1.2450 mark. The broad depreciation of the US dollar, coupled with a risk-on sentiment in the market, has lent support to this currency pair.
In the short term, the upward trajectory continues to gain momentum as the pair breaks out of its previous downtrend and establishes new support around the 1.242 level.
In the short term, the upward trajectory continues to gain momentum as the pair breaks out of its previous downtrend and establishes new support around the 1.242 level.
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