GBP/USD Price Forecast – British Pound Continues to Consolidate at Low Levels

British Pound vs US Dollar Technical Analysis

The British pound has gone back and forth during trading on Wednesday as we continue to see a lot of back and forth in this general vicinity. The 1.2350 level is an area that has attracted a lot of attention, so therefore it is not a huge surprise to see that we are still stuck in this range. Ultimately, I think this is a market that will find plenty of resistance above, so I am more or less looking at this as a “sell the rallies” type of…

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