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GBPUSD BREAKOUT ANALYSIS

British Pound / U.S. Dollar (FX:GBPUSD)  
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FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
GBPUSD has been ranging in a rectangle since February 2021 and has now broken the resistance of the rectangle.
The pair is moving in a bearish direction and it is expected to continue in the direction for sometime before coming for a retest of the breakout or possible entry into the rectangle again.
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