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GBPUSD Technical Analysis - Top End of Range Reached

GBPUSD Technical Analysis - Top End of Range Reached

On the daily GBPUSD chart below, we can see that the price has finally reached the top of the range at the 1.24 handle. This will be a key level for both buyers and sellers. The buyers will need to break above the level with conviction to keep the rally going.

The sellers are likely to start piling in here to target a fall towards the bottom of the range at 1.1839 and beyond. Beware that if this was just a squeeze on dollar longs, the following rally... Read More

Posted: Mar 31 2023, 10:30
Author Name: forexlive
Views: 092194

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