GBP/USD Price Faces Strong Resistance at Key Zone
Tuesday, 5 March 2024, 05:33
GBP/USD Technical Analysis
The GBP/USD pair encountered strong resistance near the 1.2700-1.2710 zone and failed to sustain its recent gains.
Key Challenge
This technical barrier poses a key challenge for the currency pair as it struggles to move higher.
Traders are closely watching this critical level for any signs of a breakout or reversal, which could dictate the near-term direction of GBP/USD.
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