GBPUSD expands its increase
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At present, GBPUSD is capitalizing on its upward price trend following a decline from 1.206. It is evident that this currency pair is gradually tempering its downward momentum and extending its potential for price appreciation.
With the current exchange rate of 1,2235, this particular pairing has the potential to propel towards the resistance level of 1,2458 by surpassing the breakthrough point at 1,2307. Consequently, it can be inferred that this increase serves as a robust support level to further bolster this currency pair.
At present, GBPUSD is capitalizing on its upward price trend following a decline from 1.206. It is evident that this currency pair is gradually tempering its downward momentum and extending its potential for price appreciation.
With the current exchange rate of 1,2235, this particular pairing has the potential to propel towards the resistance level of 1,2458 by surpassing the breakthrough point at 1,2307. Consequently, it can be inferred that this increase serves as a robust support level to further bolster this currency pair.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.