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Apr 20, 2023 3:46 AM

GBPUSD may have the opportunity to form a head and shoulders pat Short

British Pound/U.S. DollarFXCM

Description

From the 4-hour chart, GBPUSD fell back from high volatility, and the short-term market formed a potential head-and-shoulders pattern. At present, we can pay attention to the support around 1.235. If it falls below, it is expected to open up the downside space. The downside target is around 1.220.
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