Analysis of GBPUSD today
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Following a small rise on the prior day, GBPUSD extended its string of losses due to a combination of various factors that have boosted USD to its highest level since the beginning of the year, thereby exerting pressure on the primary currency.
Analyzing the technical outlook on the D1 timeframe, it still indicates a trend towards decreasing chances of a significant drop before new developments occur.
Analyzing the technical outlook on the D1 timeframe, it still indicates a trend towards decreasing chances of a significant drop before new developments occur.
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