GBP/USD Price Analysis: Continuous failure of instability above 1.2500 makes Pound Sterling delicate GBPUSD BOE SupportResistance ChartPatterns Momentum
led plenty of times in sustaining above the aforementioned resistance this month, making the Pound Sterling prone to further losses. as a safe-haven after First Republic Bank cornered the US administration for not providing liquidity support. The USD Index showed a V-shape recovery after dropping to near the crucial support of 101.00.retail sales
GBP/USD is auctioning in a Rising Channel chart pattern on a two-hour scale in which every pullback is considered a buying opportunity. It is worth noting that the lack of upside momentum in theis making it a fragile counter for the market participants. The Cable is still above 20-period Exponential Moving Average at 1.2468, indicating that the upside bias has not faded yet. Potential resistance is placed from April 14 high at 1.2545.
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