GBP/USD Technical Analysis: Convoluted Price Action Ahead of Super Thursday
In our last piece, we looked at a short setup in GBP/USD after a trend-channel resistance inflection, combined with the major psychological level at 1.5500 for stop placement. All three targets provided for the short-side were quickly met, as FOMC-driven USD-strength brought the Cable below the vaulted 1.5250 psychological level, albeit temporarily.
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