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    GBP/USD OPPORTUNITY

    Abstract:The forex ticker GBP/USD shows the value of the British Pound in relation to the US Dollar. It informs merchants how many US Dollars are required to purchase one British Pound. The Pound-Dollar is one of the world's oldest and most popular currency pairs.
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      The forex ticker GBP/USD shows the value of the British Pound in relation to the US Dollar. It informs merchants how many US Dollars are required to purchase one British Pound. The Pound-Dollar is one of the world's oldest and most popular currency pairs.

      Looking at 4Hour/daily charts of GBP/USD, the current trend is moving in an upward movement looking to turn around the 1.41403 price to the downside.

      Support areas: 1.40330, 1.39100, 1.37460

      Resistance area: 1.41403

      An anticipation the price going towards 1.37050 if ever it breaks the support areas highlighted in the analysis below:

    image.png

      Therefore look for selling opportunities!!! This is high probability trade and could be a perfect swing opportunity for swing traders.

      Do remember to always apply good risk management because GBP/USD is a high volatility pair as it is one of the major pairs in the forex market.

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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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