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GBP/USD: 1.2510 Major Resistance

By FOREX IN WORLDForexSep 25, 2019 10:46AM ET
www.investing.com/analysis/gbpusd-12510-major-resistance-200467780
GBP/USD: 1.2510 Major Resistance
By FOREX IN WORLD   |  Sep 25, 2019 10:46AM ET
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The British pound has staged a restoration in opposition to the US greenback after discovering sturdy technical assist from the 1.2410 degrees on Tuesday. Bulls nonetheless must get better worth above the 1.2510 resistance space to save the GBP/USD pair's short-term prospects. Total, drawback dangers nonetheless stay with the 1.2300 degrees the possible bearish goal if bulls fail to beat the 1.2510 degrees.

The GBP/USD pair is bearish whereas buying and selling under the 1.2470 degree, key assist is discovered on the 1.2410 and 1.2385 ranges.

If the GBP/USD pair trades above 1.2470 degrees, key resistance is discovered on the 1.2510 and 1.2580 ranges.

GBP/USD: 1.2510 Major Resistance
 

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GBP/USD: 1.2510 Major Resistance

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