GBP/USD needs to clear strong resistance at 1.1870 to gather bullish momentum

GBP/USD needs to clear strong resistance at 1.1870 to gather bullish momentum GBPUSD Fed

Pound struggles to turn bullish ahead of Powell

“On the upside, cable faces key resistance at 1.1870, where the Fibonacci 23.6% retracement level of the latest downtrend is located. Above that level, the 50-period SMA forms interim resistance at 1.1900 ahead of 1.1940 .”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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