GBP/USD retraces the recent losses near 1.2150
Hello traders!
Today, GBP/USD is recovering from recent losses, trading higher around the 1.2150 level in Monday's trading session. This currency pair may face challenges due to potential changes in discussions about the trajectory of the monetary policy by the Federal Reserve.
If GBP/USD fails to hold above 1.2200, sellers may show concern, and temporary support seems to have formed around 1.2170 before 1.2130 and 1.2100 (psychological and static levels).
On the other hand, if 1.2200 is confirmed as support, GBP/USD could extend its recovery towards 1.2250 and 1.2300 levels.
Today, GBP/USD is recovering from recent losses, trading higher around the 1.2150 level in Monday's trading session. This currency pair may face challenges due to potential changes in discussions about the trajectory of the monetary policy by the Federal Reserve.
If GBP/USD fails to hold above 1.2200, sellers may show concern, and temporary support seems to have formed around 1.2170 before 1.2130 and 1.2100 (psychological and static levels).
On the other hand, if 1.2200 is confirmed as support, GBP/USD could extend its recovery towards 1.2250 and 1.2300 levels.
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