GBP/USD Trading Strategies to Watch as US Data Approaches
GBP/USD, commonly called Cable, continues to trade within a narrow 100 pip range this week. Yesterday demonstrated clear indecision as the pair tested both the high and low ends of this range but ultimately closed the day nearly unchanged. Traders should closely monitor upcoming US data releases, which may serve as catalysts for more significant movements. Technical analysis indicates that breaking key levels could lead to either bullish or bearish trends. Ensuring you are equipped with the right strategies will be essential as sentiment shifts. Stay informed to capitalize on market movements.
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