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GBP/USD Price Analysis and Forecast: Technical Conditions Continue to Favor Sellers
The GBP/USD pair has posted gains
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The GBP/USD pair has posted gains for a second consecutive day, although bulls still lack the conviction needed to sustain a stronger advance. The U.S. dollar remains under pressure after failing to hold near the yearly high reached on Thursday, a level last seen in May 2025. This is providing support for GBP/USD.Nevertheless, political uncertainty in the United Kingdom is discouraging traders from making aggressive purchases of the British pound and is limiting the pair's upward potential. Moreover, technical indicators
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Irina Yanina,
Analytical expert of InstaForex
© 2007-2026
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