#GBPUSD @ 1.22628 to inch higher towards 1.2610 and 1.2750 if December high at 1.2450 is overcome – SocGen
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GBP/USD has once again failed to overcome the key resistance at 1.2450. A break above here would open up 1.2610, then 1.2750, analysts at Société Générale report.
“Ongoing bounce is likely to persist towards recent high near 1.2450. If this is overcome, GBP/USD is expected to inch higher towards 1.2610 and 1.2750, the 61.8% retracement from 2021.”
“Defending recent higher low at 1.2010 is crucial for persistence in bounce.”
See – GBP/USD: Door open for the GBP to regain 1.23 in the short run – Scotiabank
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