GBP/USD Price Analysis: Bulls eye a run to test the 1.24s resistance GBPUSD Technical Analysis
and US jobs data on Friday. The following illustrates the technical structure of the price on the hourly time frame. GBP/USD remains in a distribution area and bearish while below 1.2420 and 1.2450 longer term structure to the upside. For now, the bulls are rising the whitewash of the Federal Reserve dump on the US dollar, but only time will tell if the sentiment can stay dovish depending on data. This brings this week'sinto view as the next catalyst.
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