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GBPUSD News

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Last Updated Date: 6 May 2022 @ 9:56 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 1.2230 weekly low. A close under 1.2230 is bearish ⇒ 1.2072. Current corrective rebounds trapped by 1.2444 will maintain bear forces. 

 
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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.