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November 28, 2024

Pound Sterling Hits Overbought Conditions, May Limit Further Gains

Pound Sterling shows strong momentum, suggesting further strength in the currency. However, current overbought conditions might limit any advancements, especially towards testing the 1.2715 level. Nevertheless, longer-term outlooks appear positive, with expectations for a recovery that may challenge the resistance at 1.2755. Analysts highlight the importance of upcoming economic data for guiding the pound’s movement. Will Pound Sterling find the support it needs to advance further?

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