2024-12-16 19:39
IndustryGBP/USD: Continue to Maintain bearish view
It is not hard to see that GBP/USD has a significant recent downtrend and is close to my target of 1.2566. I remain bearish. In addition, if it falls below 1.2566, it may continue to fall, and the bear target will be 1.2500. If we break above 1.2735, then GBP/USD has the potential to rally.
I expect today's trading range to be 1.2550 to 1.2700.
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GBP/USD: Continue to Maintain bearish view
Hong Kong | 2024-12-16 19:39
It is not hard to see that GBP/USD has a significant recent downtrend and is close to my target of 1.2566. I remain bearish. In addition, if it falls below 1.2566, it may continue to fall, and the bear target will be 1.2500. If we break above 1.2735, then GBP/USD has the potential to rally.
I expect today's trading range to be 1.2550 to 1.2700.
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