The GBP/USD pair oscillates in a narrow range, around the 1.3500 psychological mark during the Asian session on Wednesday, and for now, seems to have stalled the previous day’s retracement slide from its highest level since September 18. Moreover, the fundamental backdrop seems tilted in favor of bullish traders and suggests that the path of least resistance for spot prices is to the upside.
Source: https://www.fxstreet.com/news/australia-building-permits-yoy-climbed-from-previous-18-to-202-in-november-202601070030
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