GBP/USD: Set for a false break above 1.30? Benefiting from dollar weakness has its limits

GBP/USD is moving toward 1.30 as the dollar loses steam ahead of the Fed. The UK’s relations with Europe, China, and even American could pressure the pound.  Wednesday’s four-hour chart is pointing to overbought conditions.  “I’m afraid you are starting to see in some places the signs of a second wave of the pandemic” – […]

The post GBP/USD: Set for a false break above 1.30? Benefiting from dollar weakness has its limits appeared first on Forex Crunch.

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