GBP/USD Price Analysis: Sell-off cutting into Day-3 longs, 1.2050 eyed for days ahead GBPUSD Technical Analysis
We are seeing the following through with 1.20 eyed but the price is meeting some support at this juncture.rallied in a parabolic fashion on Thursday on the third day of demand for the British Pound. The pair travelled from a low of 1.2056 to a high of 1.2194 before reversing back to test the midpoint of the 1.21 area and recently reaching a sell-off low of 1.2130.
This opens the risk of a correction before the next move to the downside with the ATR of 117 pips for the day already done within the 137 pip range so far: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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