GBP/USD Needs To Dislodge From Its Tight Range

The GBP/USD is knocking on the door of our 3rd tier downtrend line once again as it reaches an inflection point with our 3rd tier downtrend line. While the Cable is in the position to make a technical breakout today, the behavior of the GBP/USD’s correlations aren’t supportive of such a movement.


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