GBPUSD Pulls Back After Modest Gains

gbpusd

The British pound is seen making a moderate pullback after prices continued to rise since Friday.

GBPUSD remains range-bound within the levels of 1.2485 and 1.2277.

In the near term, while there is a possibility that prices will pullback, there could be a higher low forming.

This puts the upside bias back into the picture.

But, GBPUSD will need to clear the upper end of the range at 1.2485 to continue further to the upside.

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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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