In this ForexLive video, we closely examine the GBPUSD price action and its current dynamics. During the Europe session, the currency pair moved above the 50% midpoint, showcasing potential bullish momentum. However, it rotated back below this critical level, indicating that sellers might be regaining control in the short term.
Join us to gain valuable insights into the ongoing developments of GBPUSD, understand the significance of the 50% midpoint as a short-term barometer, and explore the implications for traders. Stay updated with the latest market trends and make well-informed decisions in the dynamic forex market.
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