GBP/USD Set to Soar: Here’s Why That 1.3390/1.3465 Range Could Be a Goldmine for Traders Right Now
1-3 WEEKS VIEW: “We have maintained a negative GBP view since early this month. In our most recent narrative from two days ago (16 Jul, spot at 1.3395), we reiterated that ‘GBP view is still negative.’ However, we pointed out that ‘the next technical target at 1.3320 may not come into view so soon, as it could consolidate first.’ Since then, downward momentum has slowed somewhat, but we will maintain our view as long as 1.3490 (‘strong resistance’ previously at 1.3500) is not breached.”
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