GBP/USD Price Analysis: Bulls spring to life on backside of bear trend GBPUSD Technical Analysis
that there was a case for lower due to the formation of the weekly head and shoulders:
In the meantime, instead, the bulls are in control and are now needing to rely on the 1.2070s as a possible newly formed support structure as illustrated below: If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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