The Pound traded higher against the US Dollar in the previous session, following news that the British Labour party favoured a softer Brexit that would permit easy access to the single market and customs union. As of now, the pair is trading in an upward trending channel on the 1H chart, reflecting at the bullishness in the near term. In addition, the MACD indicator is placed at a higher level above its midline, further elaborates the above view. The key technical obstacle is positioned at the 1…
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