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GBPUSD News

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Last Updated Date: 19 May 2022 @ 8:02 AM (UTC)
*Please note that all the dates are in GMT time zone

The rejected secondary rally last two days and drop off into 1.2330 reinforces the island topping turnover. A close under 1.2310 is bearish and should foster selloffs along 1.2250 and a penetration under 1.2230, open up a selling wave towards 1.2155. A close over 1.2500 stops the short term downturn, but a close over the 1.2560 island gap is needed for a fresh bull trending advance.

Resistance 2      1.2401
Resistance 1      1.2359

 
Support 1           1.2315
Support 2           1.2270


 
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