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GBPUSD Tumbles after Stronger US CPI Print

GBPUSD has been in a downtrend after it failed to jump beyond the 1.2600 region, generating a profound structure of lower highs and lower lows. Additionally, the price has sharply dropped beneath both the 200-period simple moving average (SMA) and the lower Bollinger band, endorsing a broader bearish short-term picture. The short-term oscillators also confirm […]

The post GBPUSD Tumbles after Stronger US CPI Print appeared first on Action Forex.

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