GBP/USD PRICE ANALYSIS: BEARS MOVE IN AS US DOLLAR FIRMS

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  • GBP/USD bulls stalling ahead of longer-term resistance.
  • GBP/USD hangs over key 1.2250 structure that guards a significant bearish correction.

GBP/USD is under pressure as the US Dollar corrects. Since the prior analysis,  the Federal Reserve has driven markets to reconsider their US Dollar forecasts. However, there are prospects of a deep correction that would be expected to cap the Pound´s advance. 


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