GBP/USD Struggles Below 1.2600 as Traders Analyze Market Positions
The Pound Sterling (GBP) currently trades below the significant level of 1.2600. Analysts note that should the GBP remain below this mark, it may test lower levels at 1.2505. The previous low at 1.2475 seems secure for the time being. In the broader view, any persistent drop could face challenges as the market reflects on overextended movements. Traders are advised to keep a watchful eye on these levels to make informed decisions ahead.
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