GBPUSD News

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Last Updated Date: 2 August 2021 @ 7:03 AM (UTC)
*Please note that all the dates are in GMT time zone

The market is showing a bear downturn and potential for a selling wave to 1.3840 as well as potential to 1.3790. A drop through 1.3830 will foster continuation selloffs today. Any congestion under Thursday’s range high will keep the market setup in a bear flag. Trade must post a close over 1.4010 to reverse out of the current downturn.

Resistance 2       1.3964
Resistance 1       1.3922

 
Support 1            1.3880
Support 2            1.3840


 
 
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