$GBPUSD Consolidates Amid Hesitation
Considering the market dynamics, the British pound appears to be undergoing a short-term correction, and whether it can regain momentum remains to be seen. experienced a decline during the early hours of Thursday, displaying signs of hesitation as it continues to consolidate.
Beneath this level lies the 1.2350 support, which played a crucial role in the previous month, potentially defining the lower boundary of the current range. A break below this level could bring the 200-Day EMA into focus.On the upside, the 1.2550 level previously acted as the top of the range. Although there was a swift breakout above it, the market retraced back into that area.
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