GBPUSD: will the bulls win since the USD is weakening?
Fundamentals indicate that the USD is weakened by the Federal Reserve and that the GBP has been outperforming. Technicals show that if 1.6 is respected as a support then price will rise to atleast 1.2750 (if it breaks then will continue to 1.3000). However, if it breaks 1.6 and retests (preferably twice) then we'll have a sell opportunity. I'm not confident about the TPs for the sell.
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