The GBP/USD pair could turn to the downside if it stays below the immediate upside obstacles. The UK and US data could shake the markets. A larger drop could be activated after dropping below the pivot point. The GBP/USD price is trading at 1.2345, above yesterday’s low of 1.2323. The bias remains bullish in the … Continued
The post GBP/USD Price Drops from 1.2400 After Dismal Services PMI appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- GBP/USD Outlook: Fed Rate-Cut Expectations Decline - March 28, 2024
- Gold Price Retains Momentum Near $2,200 Ahead of US GDP - March 28, 2024
- USD/JPY Forecast: Japan’s Intervention Warnings Boost Yen - March 28, 2024