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GBPUSD Price Forecast – Support Level breakout

GBPUSD Price Forecast – Support Level breakout

GBPUSD Price Forecast

GBPUSD Price Forecast is looking very weak on the hourly chart witnessed. Some selling on Friday and was pressured by a stronger US dollar. Expectations that the Fed would tighten its monetary policy. At a faster pace pushed the USD to its highest level since May 2020 and turned out to be a key factor that acted as a headwind for the major. GBPUSD Price Forecast has major support zone of 1.3000 below. This mark continuous selling might be seen towards next level of 1.2850 /1.26.50. On upper side 1.3200 is major resistance level. If it break and hold above this level. Then we can seen trend reversal towards next level of 1.3430.
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