GBP/USD Market Update
GBPUSD has formed a very strong but risky setup. Currently, the US Dollar is under pressure, having fallen for the third consecutive day as investors react to uncertainties surrounding the Trump administration's tax cuts and spending bills. Concerns among Republicans are adding to the dollar's weakness.
Although GBP/USD saw an early rebound during the US session, the pair may still be vulnerable. If bullish momentum fades, we could see a downtrend forming at key resistance points.
Key Levels to Watch:
Resistance Line 1.34500 / 1.35000
Support Levels 1.33500 / 1.32500
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GBPUSD has formed a very strong but risky setup. Currently, the US Dollar is under pressure, having fallen for the third consecutive day as investors react to uncertainties surrounding the Trump administration's tax cuts and spending bills. Concerns among Republicans are adding to the dollar's weakness.
Although GBP/USD saw an early rebound during the US session, the pair may still be vulnerable. If bullish momentum fades, we could see a downtrend forming at key resistance points.
Key Levels to Watch:
Resistance Line 1.34500 / 1.35000
Support Levels 1.33500 / 1.32500
Trade wisely best of luck traders keep Support my work for better Experience I will share Thanks For supporting.
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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.