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GBPUSD News

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Last Updated Date: 11 January 2022 @ 11:52 AM (UTC)
*Please note that all the dates are in GMT time zone

The market remains short term bullish, but a close over 1.3640 is needed to continue advances although the GBPUSD is extremely overbought. If trade struggles to extend over 1.3640, be prepared for minor setbacks. Any corrective trade should fight to hold inside last Friday’s range to maintain the upside momentum forces of the drive. A close under 135.21 signals for a downturn to test 1.3416.

Resistance 2      1.3639
Resistance 1      1.3597

 
Support 1           1.3553
Support 2           1.3521


 
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RISK WARNING

CFDs are complex instruments and 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 possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.