GBP/USD Recovery Could Face Hurdles Near 1.2500

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<p>Key Highlights GBP/USD started a major decline after it was rejected near 1.2800. A key bearish trend line is forming with resistance near 1.2500 on the 4-hours chart. The US Existing Home Sales declined 9.7% in May 2020 (MoM), whereas the market forecast was -3%. The UK Manufacturing PMI could increase from 40.7 to 45.0 […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/305368-gbp-usd-recovery-could-face-hurdles-near-1-2500/">GBP/USD Recovery Could Face Hurdles Near 1.2500</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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