$GBPUSD Forecast: Pound looks indecisive after hot UK inflation data by eren_fxstreet forex trading
are likely to bring down the total amount of sales and investors expect the data to show a 0.1% increase in July following June's 1% expansion. A bigger-than-expected print could provide a boost to the dollar and vice versa.
Key support seems to have formed at 1.2050 . In case sellers manage to flip that level into resistance, 1.2000 and 1.1940 could be seen as next bearish targets. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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