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Apr 13, 2020
GBPUSD looking higher
The British pound faces a pivotal trading week ahead against the greenback, following last weeks strong recovery from the 1.2160 level. A breakout above the 1.2480 resistance level could cause the GBPUSD pair to rally towards the 1.2600 level this week. Traders should note that GBPUSD dip-buyers may be lurking around the 1.2300 technical area if a pullback occurs this week.
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The GBPUSD pair is only bearish while trading below the 1.2300 level, key support is found at the 1.2200 and 1.2150 levels.
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The GBPUSD pair is only bullish while trading above the 1.2300 level, key resistance is found at the 1.2480 and 1.2610 levels.