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GBP/USD Forecast Today 24/01: GBP Continues To Stall (Chart)
(MENAFN- Daily Forex)
- The British pound has stalled a bit during the trading session on both Wednesday and Thursday, and as I look at the chart, the 1.2350 level is an area that I think a lot of people will be paying close attention to. If we can break above there, then it could open up a deeper correction, which would not be a huge surprise, considering that the US dollar had been so strong for so long, that one would have to assume sooner, or later traders would be looking to take advantage of profits and close out positions. However, look at this chart as one that will eventually offer value in the greenback, something that I want to take advantage of.

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