GBPUSD Struggles at 1.2900: Risk-On Sentiment Fuels Upside Potential
GBPUSD edged lower after three consecutive days of gains. As it trades around 1.2890 during the Asian hours on Thursday, the market remains on alert. The US Dollar faces pressure following disappointing private payroll data, fostering concerns about a slowing US economy. This situation could pave the way for potential upside in the GBPUSD if the risk-on sentiment continues to dominate investor sentiment. Traders should monitor these key developments closely for potential opportunities.
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