The Pound Sterling prints a fresh weekly low near 1.2730 against the US Dollar. The GBP/USD pair corrects significantly from its seven-month high near 1.2900. The pair is an inch higher than the 20-day Exponential Moving Average (EMA), which trades around 1.2725.
The 14-period Relative Strength Index (RSI) has dropped into the 40.00-60.00 range, indicating that the bullish momentum has faded
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