Forex
globalreutersApril 25, 20241 Mins read
GBPUSD ping-ponging between 38.2% and 50% of the April trading range
globalreutersApril 25, 20241 Mins read The volatile move to the upside in the dollar after the US GDP, has reversed course after holding support against its broken 38.2% retracement of the April trading range. The corrective move has also stalled against the 50% of the same range.
Traders are awaiting the next shove outside of the retracement levels.
This article was written by Greg Michalowski at www.forexlive.com.
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