GBPUSD: Regional Race; Restricting the Range

FX:GBPUSD   British Pound / U.S. Dollar
The lack of the recent downtick illustrates the weakness of the GBPUSD pair ahead of the main figures for UK jobs. In consequence, 1,2660 and 1,2610 may entertain short-term sellers before being questioned with the horizontal area of 1,2605-1,2600. With below 1,2600, 1,2560 and 1,2465 prices falling, bears could become favourites.

When a pair rises after 1 2705, the horizontal line around 1.2760 can be aimed at. Furthermore, the success of couples above 1.2760, backed up by the up-to-date report on work, can assist them to pass the 1 2800 figure when they meet 1.2815.


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