Thursday, 26 December 2024

GBPUSD Holds Above 1.25 But Weak Bullish Bias

by BD Banks

GBPUSD finds strong support in 1.2480 region But upside momentum struggles to take off GBPUSD has managed to hold above the 1.2500 mark this week following last week’s post-Fed tumble that pulled the pair to the lowest since May, hitting 1.2474. The slide reinforced the medium-term downtrend line as a strong resistance wall, but now […]

The post GBPUSD Holds Above 1.25 But Weak Bullish Bias appeared first on Action Forex.

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