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Key Indicators
Despite the strong bullish momentum, the currency pair is testing a key resistance zone around the 2.3500/50 region, which has already acted as a strong supply zone in the past.
Fundamental Context
The British pound remains the best-performing currency of this week, having strengthened against the New Zealand dollar (NZD) in the last 2 trading sessions.
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Syam KP
At FX Junction, Syam turns complex market information into clear and useful insights. His work combines technical and fundamental analysis, portfolio management, risk management and timely commentary on global developments. Whether markets are calm or moving fast, Syam focuses on what matters most: understanding the bigger picture, spotting meaningful opportunities and keeping risk firmly in view.