The strength of the GBP to USD uptrend could raise the price point to 1.2665 in the near term, according to economist Lee Sue Ann and markets strategist Quek Ser Leang at UOB Group. Although GBP saw a steady increase to a fresh 11 month high of 1.2599 on 03 May, with little change at 1.2575, there has been no clear improvement in upward momentum. Nevertheless, as long as the price remains above 1.2470, it is likely to increase gradually towards the major resistance at 1.2665. The chances of a sustained rise above this level are not currently high.
$1.05M Loss in 30 Days: Crypto Whale’s Unchecked Spending Spree Unravels!
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