The GBP/USD currency pair fell a bit during the trading week, as it looks like we are trying to reach down to the 1.2350 level. This is an area that is significant support, and if we were to break down below there, then it’s likely that the market could go looking to the 1.20 level. On short-term rallies, it’s likely that we could see selling given enough time, therefore I think this remains a “fade the rally” type of scenario. The US dollar is likely to continue to see inflows if the short end of the yield curve continues to see rising yields in America. The EUR/USD initially tried to rally during the course ... (full story)
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2023-09-17 14:21:00Z
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