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GBPUSD News

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Last Updated Date: 12 May 2022 @ 6:16 AM (UTC)
*Please note that all the dates are in GMT time zone

The GBPUSD market is suggesting a short term turnover and could drag trade down along 1.2180. The market is short/medium term bearish and today’s break leaves trade poised for follow through selloffs. A close under 1.2180 warns for a wash towards the 1.2075 May 2020 low. Only a close over 1.2400 (SAR) stops the downturn. 

Resistance 2      1.2311
Resistance 1      1.2269

 
Support 1           1.2225
Support 2           1.2180




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