GBP/USD Trades Below 1.2480

<p>Yesterday, the GBP/USD exchange rate reversed south from the weekly R1 at 1.2500. During Wednesday morning, the rate broke the Fibo 50.00% at 1.2418. Given that the currency pair is pressured by the 55-hour SMA near 1.2440, it is likely that some downside potential could prevail. In this case the pair could decline to the […]</p>
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