GBPUSD pares some losses but still holds near 11-month low

GBPUSD had been in a falling mode over the previous three days as it posted a fresh 11-month low of 1.2919. The rally brought the pair below the 20- and 40-simple moving averages (SMAs) and near the lower Bollinger Band in the daily timeframe. However, the technical indicators are suggesting for a…

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