Forex Technical Update
Pound surged by 239 pips from the intraday low of 1.9478 due to less than expected U.S. PPI data. The 4-Hourly stochastic is in the overbought region while the daily and Hourly indicate further buying pressure. GBP/USD is currently taking resistance of 50% retracement of the fall from 2.0025 to…
Source:Forex Technical Update
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