GBP/USD technical analysis: Sellers eye 200-HMA, 1.2077/78 support-confluence

With its sustained trading below 100-hour moving average (HMA), GBP/USD drops to 1.2122 ahead of the UK market open on Thursday.
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GBP Futures: rebound looks likely near term

CME Group’s flash data for GBP futures markets saw open interest and volume shrinking by nearly 1.3K contracts and around 40.5K contracts, respectivel
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