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The GBP/USD currency pair, often referred to as "Cable," is currently trading around the 1.2724 mark. The market sentiment has been predominantly bearish, which means that traders have been expecting the value of the British pound to decrease...
Technical analysis of the GBPUSD pair Daily chart During the previous two months, the price was trading in an upward direction, and therefore this month opened within ascending price channels, but with the end of the first trading week of this...
GBP/ USD/H4 There has still not been any significant price movement on the gbpusd market until tonight and the price is still in the sell block order area (1.2788 - 1.2801) and the buy block order area at (1.2646 - 1.2650). However, buyers seem to...
General Points: Like other markets tied to the US dollar, USDCHF has also favored buyers, similar to USDCAD. Currently, it is closing at the 0.8967 level, indicating that the US dollar has moved more than 60 pips. Therefore, we can say that in the...