GBPUSD Continues To Maintain A Sideways Range

gbpusd technical analysis

The British pound continues to trade flat, maintaining a sideways range since March 27.

The Stochastics also remains rather flat in the near term. This suggests that the momentum is still weak at the moment.

However, we expect to see a breakout off this level. We expect this breakout to be strong.

The bias remains mixed at the moment, opening the risk on either side.

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“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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