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Apr 22, 2025

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GBPUSD: Small correction

GBPUSD, Daily

GBPUSDDaily.png

In the Daily timeframe, GBPUSD reached critical resistance after a short-term rise. The price reached the Order Block after crossing the upper Bollinger Line. The CCI is ready to come out of the overbought zone, indicating a decline.

  • We consider selling GBPUSD in case of a bounce from the resistance with a downside target to 1.3250;

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Egor Schmidt

Author: Egor Schmidt

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