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Key levels tested as GBPUSD continues its downward move

In a previous post on the GBPUSD, we discussed the breaking of the converged 100/200 moving averages and the swing area down to 1.24208 in GBPUSD. A further decline would target the upward sloping trendline and Wednesday's low near 1.23974. Currently, the pair is testing this low and the trendline, with the recent low reaching 1.23985. There is a pause in the downward momentum.If buyers enter the market at this point, they would want to see the price move back above the 1.24208 level for reassur... Read More

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Content Topics

Levels

Tested

Gbpusd

Continues

Downward

Move

Forex

Posted: Apr 14 2023, 17:01

Author Name: forexlive

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