GBPUSD eyes 1.2200 on upbeat market mood – Crypto News – Crypto News
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GBP/USD still seen lower at 1.17/16 for this week – ING GBP/USD still seen lower at 1.17/16 for this week – ING

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GBPUSD eyes 1.2200 on upbeat market mood – Crypto News

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GBP/USD Price Analysis: Eyes 1.2200 on upbeat market mood

The GBP/USD pair has picked up demand after dropping to near 1.2140 in the Asian session. The Cable is attempting to come out of the woods but might first approach 1.2200 to regain sheer strength. The risk appetite of the market participants is improving further as S&P500 futures have carry-forwarded Tuesday’s gains in early Tokyo.

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GBP/USD: Uptrend expected to continue while trading above 1.2107 level

Uptrend scenario: The uptrend may be expected to continue, while the market is trading above support level 1.2107, which will be followed by reaching resistance level 1.2446. Downtrend scenario: An downtrend will start as soon, as the market drops below support level 1.2107, which will be followed by moving down to support level 1.1991 and 1.1900.

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