GBP/USD bears take on fresh breakout lows near 1.2050 – by fx_ross Technical Analysis GBPUSD Currencies
Bears eye a continuation following a healthy correction.
In the Fed's December meeting, the central bank raised interest rate by a more moderate 50 basis points but indicated that the terminal rate could reach 5.1% next year, higher than markets anticipated. Meanwhile, analysts at Rabobank said that for the GBP outlook to significantly advance it is likely that investment and productivity growth will have to show signs of improvement,'' analysts at Rabobank argued.
The bearish wicks have been a compelling feature which put the emphasis on a test of 1.2080 and below:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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