$GBPUSD Forecast: Pound needs another risk boost to extend rebound by eren_fxstreet forex trading
ile waiting for headlines from the meeting between the Russian and Ukrainian foreign ministers, however, the pair has lost its bullish momentum. The technical picture doesn't yet point to a bullish tilt in the near-term outlook but theUkrainian President Volodymyr Velenskyy told the German newspaper Bild late Wednesday that the aim of Thursday's talks was to end the war.
The dollar is likely to continue to outperform its rivals and drag GBP/USD lower in case Russia and Ukraine fail to make progress and vice versa. 23.6% retracement of the latest downtrend). In case buyers manage to hold the pair above that level, the next resistance aligns at 1.3200 before 1.3250 . In the meantime, the Relative Strength ındex indicator on the four-hour chart stays below 50, suggesting that buyers are yet to control the pair's action.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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