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GBP/USD outlook: Weak UK PMI data deflate pound but key supports still hold

by GBP Editor
May 23, 2023
in GBP
Reading Time: 1 min read

Weakening daily studies (multiple 10/20/30 MA’s bear-crosses, rising bearish momentum) contribute to negative signals, as the price approaches key supports at 1.2361/44 (daily cloud top / Fibo 38.2% …

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GBP Editor
Latest posts by GBP Editor (see all)
  • British Pound-to-US Dollar Exchange Rate 90 Day Historical Chart - June 10, 2023
  • GBP/USD rises to four-week high, anticipates BoE and Fed policy divergence - June 9, 2023
  • GBP/USD Weekly Forecast: Bulls’ fate hinges on US inflation data, Fed verdict - June 9, 2023
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