GBP/USD is demonstrating strong bullish momentum as it approaches the end of the trading week, maintaining its position near recent highs. The currency pair has shown resilience, but traders encountered notable technical resistance at the 1.3400 level on Thursday, which may influence short-term trading strategies.
As the market navigates through this pivotal range, the exchange rate reflects a broader market sentiment that remains cautiously optimistic towards the British pound against the US dollar. The strength of GBP/USD underscores the ongoing dynamics between the two currencies, with fluctuations likely influenced by economic data releases and geopolitical developments in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 04:09
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.