GBP/USD Recovery Could Face Hurdles Near 1.2500

<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>
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