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GBP/USD Forecast: Bears push sterling to oversold conditions, bounce on the radar

GBP/USD has been falling as the dollar benefits from safe-haven flows. Britain’s rapid vaccination campaign and optimism about the Biden era may prompt a bounce. Monday’s four-hour chart is pointing to oversold conditions. The greenback is shining on Blue Monday – investors continue shifting funds to the dollar, following downbeat US data last week. The […] The post GBP/USD Forecast: Bears push sterling to oversold conditions, bounce on the radar appeared first on Forex Crunch.

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