Greetings, dear friends! Yesterday, the GBPUSD experienced a significant corrective decline, currently trading around 1.2666 and having broken free from its previous ascending channel.
With the US Dollar (USD) in high demand before a key US event, it's exerting pressure on this primary currency pair, and I'm anticipating a further decline for GBPUSD towards the end of the week, with primary targets set at 1.262 and subsequently at 1.258.
What are your expectations for this pair? Do you think it will make a comeback? Share your thoughts in the comments!
With the US Dollar (USD) in high demand before a key US event, it's exerting pressure on this primary currency pair, and I'm anticipating a further decline for GBPUSD towards the end of the week, with primary targets set at 1.262 and subsequently at 1.258.
What are your expectations for this pair? Do you think it will make a comeback? Share your thoughts in the comments!
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