GBP/USD may have exhausted the upside

GBP/USD kicked off the new trading week with a Sunday gap and is trading around 1.2900. Can it extend its gains? Not so fast. The Technical Confluences Indicator shows that cable faces a dense cluster of resistance lines at 1.2925, where we see the Fibonacci 38.2% one-month, the Simple Moving Average 200-4h, the Bollinger Band 15 minutes Upper, the […]

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