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CPI Outlook GBPUSD

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GBP/USD Price Action Update:

📈 Current Price: The pair is currently hovering around key levels, with resistance, likely near the 1.2215 region.

🔝 Next Resistance: A break above 1.2250 could target the 1.2300 level, potentially opening the door for further bullish movement.

🔻 Downside Support: A strong support zone is seen near 1.2190 , providing a potential floor for any bearish move.

🔮 Market Outlook:
- Watch for a break above 1.2250 to confirm bullish momentum toward 1.2300.
- A pullback to 1.2250 could offer an opportunity to buy if the pair holds support.

#GBPUSD #Forex #PriceAction #TechnicalAnalysis #MarketUpdate.

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