The short-term trend of the British pound against the US dollar is upward, and the upward movement, starting from 1.2154, continues to the 55-day moving average at 1.2756. With the breakout of these levels, resistance at 1,2999 will be the next target of the market.
However, from the sellers’ point of view, if GBPUSD falls below the 1.2480 slight support, the price will be ready to hit the price floor of 1.2154 again.
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