GBP/USD Stays Between Monthly R1 and Weekly PP

1:23 AM No Comments

GBP/USD seems to have lost its upward momentum following a test of the monthly R1. Nevertheless, as long as the Cable is underpinned by the January high at 1.6390/41 and the support zone at 1.6242/1.6199, formed by the monthly PP and the down-trend lines, the Sterling should continue to increase



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