GBPUSD continues to consolidate its bullish outlook
Dear traders! Overall, this week's outlook for GBPUSD is bullish as it recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on the back of promising Retail Sales data. UK disappointment. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground.
With a positive outlook this week, I aim my target at 1.2800 after a short-term consolidation period because GU price is still above the 34 and 89 EMA, without any signs of reversal on the 4-hour timeframe.
With a positive outlook this week, I aim my target at 1.2800 after a short-term consolidation period because GU price is still above the 34 and 89 EMA, without any signs of reversal on the 4-hour timeframe.
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