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GBPUSD News

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Last Updated Date: 22 April 2021 @ 6:28 AM (UTC)
*Please note that all the dates are in GMT time zone

The failed test just below 1.3992 resistance is triggering a return to short term bear trending action. Selloffs after the close has the market poised for declines today and close under 1.3860  implies a bear wave to 1.3857 - 1.3808. Any corrective congestion capped under 1.3980 should bear flag a setup for selloffs. A close over 1.4008 is needed to reject Wednesday’s downturn.

Resistance 2        1.3988
Resistance 1        1.3946

 
Support 1             1.3902
Support 2             1.3860


 
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