GBP/USD Trading Outlook – Observation Mode Today

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Today, we have the ECB meeting along with several early-morning economic announcements from China.

I anticipate a potential breakout of either the 1.2700 resistance or the 1.2615 support by the end of the day. Given the market’s reaction to economic news, I'll be mostly in observation mode today, with limited trading activity.

Yesterday, I followed my observations, leading to a successful trade.

Let’s see how the market reacts!

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