The GBPUSD recently closed around 1.33750, testing a key support zone. Although there are signs of potential further decline, the broader outlook depends significantly on the strength of the US Dollar.
A corrective move against the backdrop of a strong overall trend is within normal expectations, and bullish sentiment remains intact.
If buyers are able to defend the 1.33750 – 1.33600 support zone, a pullback or reversal could be expected then next resistance would be 1.36004 / 1.37001.
You can find more details in the chart Ps Support with like and comments for more better analysis Thanks for Supporting.
A corrective move against the backdrop of a strong overall trend is within normal expectations, and bullish sentiment remains intact.
If buyers are able to defend the 1.33750 – 1.33600 support zone, a pullback or reversal could be expected then next resistance would be 1.36004 / 1.37001.
You can find more details in the chart Ps Support with like and comments for more better analysis Thanks for Supporting.
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