GBP/USD: Technical outlook favors bears while below 1.3430 GBPUSD
“The static resistance that seems to have formed at 1.3430 stays intact and buyers are unlikely to show interest in the pair unless it manages to flip that level into support.”
“On the downside, interim support is located at 1.3350 ahead of 1.3300 and 1.3270 . A daily close below the latter could be taken as a strong bearish sign and open the door for an extended slide toward 1.3200 .”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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