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GBPUSD News

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Last Updated Date: 15 March 2022 @ 11:55 AM (UTC)
*Please note that all the dates are in GMT time zone

Technically, the GBPUSD is into the Oversold area for the last 7 trading days. The market is trying to work into a bottoming turn. Trade is positioned to push higher and attack last week’s 1.3105 - 1.3194 high. A surge over the previous Friday’s high should spark a retracement move to 1.3194. Only a close under 1.2999 is the trigger to return trade to bear trending selloffs.
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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.