GBP/USD Forecast. Dollar Retreats As Retail Sales Miss Expectations

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GBP/USD Tests New Highs

GBP/USD tests new highs as traders focus on falling Treasury yields and general weakness of the American currency.

If GBP/USD manages to climb above the 1.3000 level, it will head towards the next resistance level at 1.3050 – 1.3070.

GBP/USD 4h Chart

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