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GBPUSD News

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Last Updated Date: 11 May 2022 @ 6:56 AM (UTC)
*Please note that all the dates are in GMT time zone

The GBPUSD market is triggering a short term upturn, looking for attempts to extend rallies and attack the previous swing high peaking levels. A breakout over the 1.2394 swing high signals a stretch to 1.2487. Minor corrective dips should only last 1-2 days at this stage of the drive and likely fight to rebound from 1.2308. A close under 1.2250 is bearish and suggests a secondary selling wave.

Resistance 2       1.2375
Resistance 1       1.2333
 

Support 1           1.2290
Support 2           1.2250


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