GBP/USD Price Analysis: Bulls pushing against a key level of resistance, 1.2650 eyed

in a 38.2% Fibonacci retracement so far, the bulls are staying with the course which leaves 1.2650 vulnerable in a 50% mean reversion. Thereafter, the golden 61.8% ratio will be eyed. , the bulls have broken the first layer of resistance that would now be expected to act as a support on a retest. If the bulls commit, then a break of 1.2650 would expose the void of bids between there and the 1.30s.Information on these pages contains forward-looking statements that involve risks and uncertainties.

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