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GBP/USD Technical Analysis 02.08.2024

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  • GBP/USD Technical Analysis 02.08.2024

GBPUSD is currently trading at 1.27308, showing a decrease of 0.07%. Key support levels are identified at 1.228 and 1.25, where buying opportunities may arise if the price approaches these points. On the other hand, resistance levels are set at 1.28 and 1.30, potentially increasing selling pressure as the price nears these levels. Investors should closely monitor these support and resistance zones to assess market dynamics and price movements. Breaking through these levels could lead to significant changes in GBPUSD’s price.

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