August 7, 2024 – OkSignals

GBP/USD Price Forecast: Neutral, with Potential for Further Upside

The Pound Sterling has rebounded above the key 1.2700 support level, currently trading at 1.2720, driven by an improved risk appetite following comments from a Bank of Japan (BoJ) official suggesting a cautious approach to rate hikes. Technical Outlook: The GBP/USD pair remains in a neutral to bearish bias after breaking below the 50-day moving […]

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