GBP/USD to suffer a susbtantial drop on a break below 1.1840 – SocGen GBPUSD Banks
“GBP/USD has failed to reclaim December peak of 1.2450 on second attempt forming a double top. Daily MACD has started posting negative divergence denoting receding upward momentum.”
“Short-term price action could remain range-bound. A move beyond 1.2450 would be essential to affirm next leg of uptrend.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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