GBP/USD Forecast: Pound Struggles in Same Area

The GBP/USD currency pair has rallied a bit Tuesday as we have ripped above the 1.20 level. That being said, the area is a large, round, psychologically significant figure, and an area where we have seen a lot of market memory previously. Because of this, I think it’s probably only a matter of time before we see a potential selloff. That being the case, then I am paying close attention to any signs of exhaustion.

Ethan Andrews

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