GBP/USD Technical Analysis: Important Bullish Breach
The bulls struggled a lot during the week’s trading to push the price of the GBP/USD currency pair to breach the psychological resistance level of 1.2500.
Source: dailyforex.com
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The bulls struggled a lot during the week’s trading to push the price of the GBP/USD currency pair to breach the psychological resistance level of 1.2500.
Huw Bell, chief economist at the Bank of England, said workers and businesses were in a "passing the parcel" game over the impact of inflation.Bell said
It is noticeable that the rebound of the price of the GBP/USD currency pair, following the announcement of weak US inflation readings, was less than usual
GBP/USD rose strongly in March but could rise further to retest this year's highs near the 1.25 resistance.