GBP/USD Stability and Future Trends
GBP/USD traded slightly lower on Tuesday, below the 1.2450 level during the early European trading session. Despite some minor fluctuations, overall, the GBP/USD pair maintains a downward trend. This stability is encouraging investors to proceed with caution when entering the market.
However, prices are gradually adjusting and expected to rise again. Yet, they still encounter resistance at the SMA 50 level. If prices surpass this barrier and advance towards the SMA 100 line, we may witness a strong upward momentum, unveiling new opportunities in the market.
However, prices are gradually adjusting and expected to rise again. Yet, they still encounter resistance at the SMA 50 level. If prices surpass this barrier and advance towards the SMA 100 line, we may witness a strong upward momentum, unveiling new opportunities in the market.
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