GBP/USD Outlook: Bull-Trap Formation Threatens of Deeper Fall

<p>Cable fell some hundred pips on Wednesday as traders booked profits from Tuesday’s 1.2% rally, weakening near-term structure and shifting focus lower. Bull-trap pattern is forming on daily chart following unsuccessful attempts to clearly break above daily cloud, as the pair closed above cloud top on Tuesday but subsequent weakness on Wednesday already retraced over […]</p>
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