GBP/USD Review, June 7-11, 2021 | worldforex
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GBP/USD Review, June 7-11, 2021
07 June 2021

The currency pair plunged last week as it failed to break out 1.4217. GBP/USD stays within the ascending channel on the daily chart.

We expect two scenarios this week. GBP/USD is likely to retest 1.4217. Otherwise, it can develop its downtrend targeting the lower side of the ascending channel.

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