GBPUSD News

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Last Updated Date: 19 March 2021 @ 8:39 AM (UTC)
*Please note that all the dates are in GMT time zone

The safe-haven U.S. dollar held firmer on Friday, supported by higher Treasury yields and falling stock markets, as investors digested the Federal Reserve's pushback against expectations of any early interest-rate hikes.

The GBPUSD market is bearish with a downside breakout likely sending trade to attack a 1.3860 weekly low. A close under 1.3860 shall lead the Pound to 1.3800. Current corrective rebounds trapped by 1.3980 will maintain bear forces. 

Resistance 2        1.3988
Resistance 1        1.3946
 

Support 1            1.3902
Support 2            1.3860



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