GBP/USD May Experience Upward Momentum Following Flat Trading
GBP/USD May Experience Upward Momentum Following Flat Trading
The GBP/USD pair remains flat, currently trading around 1.2680 during the early hours on Tuesday. After recent gains, market analysis suggests a potential upward momentum shift. The pair is testing the upper boundary of a descending channel pattern, aligning with the nine- and 14-day Exponential Moving Averages (EMAs).
If the pair manages to break above this channel, it could open the door for further price increases. Traders should monitor price movements closely as they could signal significant shifts in the market.
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