GBP/USD Price Forecast: Tests nine-day EMA barrier near 1.2950 amid a bullish bias
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The GBP/USD currency pair is currently trading around 1.2930, experiencing a slight pullback after two consecutive sessions of gains. Technical analysis suggests a continued bullish bias, with the pair consolidating within an ascending channel pattern and testing the nine-day exponential moving average (EMA) near 1.2950.
March 26, 2025 | 4:45 am
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The potential strength in GBP/USD could indicate slight weakness in the US Dollar, potentially impacting the Invesco DB US Dollar Index Bullish Fund.
While the article focuses on GBP/USD, the potential bullish momentum of the pound could suggest a corresponding slight weakening of the US Dollar, which might negatively impact the UUP ETF.
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