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Cable eases from new multi-week high (1.2700) on Thursday, as bulls faced headwinds from significant resistances at 1.2700 zone, provided by the top of daily Ichimoku cloud and Apr 9-10 tops. In addition, overbought conditions on daily chart prompted traders to partially collect profits from a five-day rally, which accelerated after US inflation data on […]

The post GBP/USD: Bulls Taking a Breather After Five-Day Rally appeared first on Action Forex.

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09/04/2024

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