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The downtrend of GBPUSD is still ongoing, as the pair was unable to surpass the support level of 1.2110 USD/ounce. Currently, it has seen a slight increase and is now trading at 1.2193 USD/ounce despite the strengthening Dollar. It can be assumed that these positions have been closed.
Similar to EUR/USD, the vulnerability of the GBP/USD pair persists in the range of 1.20/1.21 area.
The downtrend of GBPUSD is still ongoing, as the pair was unable to surpass the support level of 1.2110 USD/ounce. Currently, it has seen a slight increase and is now trading at 1.2193 USD/ounce despite the strengthening Dollar. It can be assumed that these positions have been closed.
Similar to EUR/USD, the vulnerability of the GBP/USD pair persists in the range of 1.20/1.21 area.
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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.