GBPUSD Posts Modest Gains But Remains Range Bound

The pound sterling continues to trade within the levels that it has been stuck within.

Price action is currently testing the upper bound of 1.2485. But the weak momentum could signal a price failure to the upside.

Therefore, we expect GBPUSD to continue trading within the sideways range.

There is scope for prices to slip back to the lower end of the range at 1.2277.

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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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