GBP/USD Gains Traction: Bulls Drive Momentum for Second Consecutive Day
GBP/USD shows impressive gains, continuing its advance toward significant resistance levels. Weaker dollar signals and fresh data from the UK labor sector have provided robust support for the sterling. This momentum marks the second straight day of upward movement, inspiring confidence among traders. With expectations of a Federal Reserve rate cut in the near future, GBP/USD could continue its upward trend. Monitoring price actions around resistance and support will be essential for capturing trading opportunities amidst these market conditions.