GBP/USD Price Analysis: Bears are flexing and eye 1.2620 GBPUSD Technical Analysis
shows GBP/USD peaking in the 1.2650s and this gives rise to a test of the neckline of the W-formation as illustrated in the above chart. The 5-min chart shows the price action up close and the break in structure offers prospects of a move lower whereby resistance could come in near 1.2640 if there is going to be a retest of the prior lows as illustrated in the chart above. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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