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GBPUSD News

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Last Updated Date: 6 April 2022 @ 6:30 AM (UTC)
*Please note that all the dates are in GMT time zone

Overall the GBPUSD market is bearish with a downside breakout likely sending trade to attack a 1.3000 weekly low. A close under 1.3030 is very bearish. Current corrective rebounds trapped by 1.3166 will maintain bear forces. However, a punch over last week’s high alerts for a possible flip to bottoming trade. A close over 1.3154 (SAR)  confirms the start of a reversing upturn.

Resistance 2       1.3134
Resistance 1       1.3092

 
Support 1            1.3048
Support 2            1.3006


 
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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.