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GBP/USD returns to bearish territory after rejection from 1.2500. A move below 1.2350 could renew downside pressures. GBPUSD has taken a negative turn again after its strong bullish start to the month failed to break above the 1.2500 resistance and the 50-day simple moving average (SMA). The pair couldn’t sustain levels above its 20-day SMA […]

The post GBP/USD Bears Regain Control appeared first on Action Forex.

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