Ahead of the BOE, GBP/USD looks somewhat weak

The GBP/USD lost some ground on US Dollar strength and recapturing these higher levels may be hard on the day the Bank of England makes its decision. The Technical Confluences Indicator shows that many resistance lines are lined up above 1.3100 with a dense cluster around 1.3120 which is the congestion of the Simple Moving Average 50-15m, the SMA […]

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