GBP/USD: Gains to gather traction on a break above key resistance at 1.2160 – OCBC GBPUSD Banks
erased a large portion of gains it recorded on Tuesday but managed to hold comfortably above 1.2000. Economists at OCBC Bank note that the pair needs to clear the 1.2160 to enjoy further gains.“Key resistance at 1.2160 levels . A break above this can see GBP gains gather traction but failure to clear could see GBP revert to recent range.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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