Brian greeted the audience and expressed his delight at reconnecting with them for today's market discussion.
Currently, the GBP/USD pair continues to strive for any meaningful recovery and extend its consolidative price actions for the third consecutive day on Wednesday. The current price is trading below the 1.2400 level in the Asian trading session and remains within an impressive distance from the lowest level since the beginning of June.
The GBP/USD pair is still moving within a range, and if it manages to break out of it, there is a possibility of returning to 1.2500 and finding support at 1.2400.
Currently, the GBP/USD pair continues to strive for any meaningful recovery and extend its consolidative price actions for the third consecutive day on Wednesday. The current price is trading below the 1.2400 level in the Asian trading session and remains within an impressive distance from the lowest level since the beginning of June.
The GBP/USD pair is still moving within a range, and if it manages to break out of it, there is a possibility of returning to 1.2500 and finding support at 1.2400.
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good luck !
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Thus, GU broke out of the box and entered a downtrend reaching a trading level of 1,231
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The USD hangs high with the DXY index around 105 points as Fed officials still have a hawkish tone.
