GBP/USD
Sterling follows the dollar more than the UK tape
Cable is a dollar trade this week. UK data is second.
GBP/USDBearish
Support 1.2680 · Resistance 1.2785
Cable is a dollar trade this week. UK data is second unless it is a true shock.
1.2680 is the shelf. 1.2785 is where the desk would rather be short than long.
If EUR/USD loses 1.1040 on a close, sterling usually follows. Do not invent a separate story without a separate print.
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