Pound Sterling Price News and Forecast: GBP/USD has recaptured the psychological resistance of 1.2000
|GBP/USD scales above 1.2000 after a mild correction, UK Inflation eyed
The GBP/USD pair has rebounded firmly after picking bids below 1.2000 in the early Tokyo session. The cable has remained in the grip of bulls amid a risk-on market impulse, which has improved the favorability of the risk-perceived assets.
GBP/USD jumps higher to meet 1.2000 [Video]
GBPUSD is showing signs of being positive in the short run, after gaining ground on Thursday and breaking over its 28-month low of 1.1760. The technical indicators are pointing upwards as the RSI is on the rise, but it has not yet come close to the neutral threshold of 50, and the MACD is crossing its trigger line to the upside while still being in the negative region.
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