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GBP/USD Forecast: Bears to retain control as long as 1.2400 stays intact

by GBP Editor
May 25, 2023
in GBP
Reading Time: 1 min read

GBP/USD has managed to stage a rebound from multi-week lows. 1.2400 aligns as key near-term resistance for the pair. Hawkish BoE bets could help Pound Sterling limit its losses. GBP/USD has reversed …

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GBP Editor
Latest posts by GBP Editor (see all)
  • GBP/USD Price Analysis: Cable bulls run out of steam as 50-DMA prods upside near 1.2450 - May 31, 2023
  • Pound Sterling Price News and Forecast: GBP/USD has printed a fresh weekly high at 1.2450 - May 31, 2023
  • GBP/JPY Price Analysis: Treads water around 173.20s, but keeps its bullish bias - May 31, 2023
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AUD/USD pauses decline but bears still in control [Video]

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