GBP/USD: resistance held firm
Despite the trend toward a weakening dollar at the beginning of this week amidst a larger-than-expected slowdown in wage growth in the United States, the GBP/USD pair was unable to overcome the significant resistance at 1.2215.
Despite the trend toward a weakening dollar at the beginning of this week amidst a larger-than-expected slowdown in wage growth in the United States, the GBP/USD pair was unable to overcome the significant resistance at 1.2215. In the short term, a downward correction is very likely.
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