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May 31 - 04:55 AM

GBP/USD - Rally Paves The Way For A Deeper Decline

By Jeremy Boulton  —  May 31 - 02:45 AM
  • GBP/USD has rallied from May's 1.2156 low to 1.2666 in June

  • This is a minor correction of a major decline

  • GBP/USD previously dropped from 2022 high at 1.3749

  • The drop that followed taper talk last year is 1.4250-1.2156

  • Targets for resumption that decline: 1.2172, 1.1866, 1.1620 and 1.1372

  • There is big potential for a broad USD rise nL1N2XN09B



GBPUSD targets Click here

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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