GBPUSD builds cushion around 1.1900 as focus shifts to US Durable Goods Orders data
The GBPUSD pair is building a base marginally below the round-level resistance of 1.1900 in the early Asian session. The Cable is continuously getting cushion around 1.1880 as overall optimism in the market is support bulls while the upside is capped amid uncertainty over the release of the US Durable Goods Orders data.
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GBPUSD Weekly Forecast: Pound Sterling set to reclaim 200-DMA in the Thanksgiving week
GBPUSD buyers remained unstoppable for the second straight week, despite a lack of bullish impetus from the highly-anticipated United Kingdom Autumn Budget. The Pound Sterling also stood resilient to the recent rebound in the US Dollar, as attention now turns toward the US Federal Reserve’s (Fed) November policy meeting minutes in the Thanksgiving week.
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