GBPUSD Daily Analysis 2023-06-15
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GBPUSD Daily Analysis

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Last Updated Date: 19 April 2024 @ 8:15 AM (UTC)
*Please note that all the dates are in GMT time zone

The GBPUSD short term trend remains down, but trade is fighting to hold and rebounded off the 1.2376 target. Market action alerts for a potential bottoming turn. We may see dips around 1.2376, but a close under 1.2360 is needed to renew bear pressures. A close over 1.2500 alerts for a short term bottoming turn. 

Resistance 2     1.2502
Resistance 1     1.2460

Support 1          1.2416
Support 2          1.2370


GBPUSD Live Price

Daily price range:


CFDs are complex instruments that come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is still possible for significant losses to occur; around 78% of retail investor accounts lose money when trading CFDs.
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