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The GBPUSD continues to trade with a slight price increase. Currently, the currency pair is still maintaining well within the upward price channel and stable around the 1.26 area.
The price is being well supported by a weaker US dollar and strong PMI data from the United Kingdom, which was released on Thursday last week. Thin trading conditions may amplify GBP/USD price action.
Current resistance levels: 1.204, 1.272
Support levels: 1.249, 1.240
The GBPUSD continues to trade with a slight price increase. Currently, the currency pair is still maintaining well within the upward price channel and stable around the 1.26 area.
The price is being well supported by a weaker US dollar and strong PMI data from the United Kingdom, which was released on Thursday last week. Thin trading conditions may amplify GBP/USD price action.
Current resistance levels: 1.204, 1.272
Support levels: 1.249, 1.240
Trade active
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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.
Related publications
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.