GBPUSD - Watch 1.3 round number and Levels

Updated

GBPUSD had an explosive move last week. This was mainly due to a fall in USDJPY from a resistance level that I shared. See the attached chart. This made DXY fall and most of the USD based pairs felt the impact of that. Now GBP use is back in a possible resistance area. Watch out for a W pattern and these levels.

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Note

USDJPY analysis:

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