7/5/2021 11:02:45 PM GMT | By Anil Panchal
GBP/USD pokes resistance line of immediate trading range during three-day uptrend.
UK PM Johnson’s optimism over unlock, Germany’s favor for travelers back the bulls.
Upbeat UK Services PMI, inactive markets offer also back the recovery.
US PMIs, full markets’ reaction to the latest covid fears will be important for fresh impulse.
GBP/USD rises for the third consecutive day, recently picking up bids inside a 20-pips trading range to 1.3860, amid the early Asian session on Tuesday. In doing so, the cable justifies the latest coronavirus (COVID-19)-led activity restriction related news as well as the market’s risk-on mood.
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