GBP/USD Nosedives, Bears Seem To Aim 1.2000

<p><img width="612" height="352" src="https://www.actionforex.com/wp-content/uploads/2022/06/f-gbp171.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2022/06/f-gbp171.jpg 612w, https://www.actionforex.com/wp-content/uploads/2022/06/f-gbp171-600×345.jpg 600w, https://www.actionforex.com/wp-content/uploads/2022/06/f-gbp171-150×86.jpg 150w, https://www.actionforex.com/wp-content/uploads/2022/06/f-gbp171-300×173.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Key Highlights GBP/USD is accelerating lower below the 1.2120 level. A major bearish trend line is forming with resistance near 1.2170 on the 4-hour chart. EUR/USD is also moving lower below the 1.0500 level. The Swiss CPI could increase from 1.6% to 1.8% in Sep 2023 (YoY). GBP/USD Technical Analysis The British Pound remained in […]</p>
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