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GBP/USD Outlook (6 April 2022)

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
JinDao_Tai  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Forex GBPUSD technical trend countertrend Contains image
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trendanalysis forex gbpusd technical trend countertrend containsimage
GBP/USD broke lower from its consolidation towards the 1.3040 key support.

If price stays above 1.3040 and bounces towards the upside, the GBP/USD is likely to stay within the range of 1.3040 and 1.3220 (180 pip range).

However, depending on recent DXY strenght, look for short term selling opportunities of GBP/USD if it breaks below 1.3040.
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