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GBP/USD currency pair analysis 03.02.2022

03.02.2022

Market Review

The pound sterling against the dollar confirmed breaching the 1.3525 level after ending yesterday’s trading above it, reinforcing the expectations of the continuation of the bullish trend, and the way is open to achieving the next target at 1.3610, whose breach represents the key to confirm restoring the main bullish trend and heading to achieve more positive targets on the intraday and short term.

Therefore, we will continue to suggest the bullish trend during the upcoming sessions, unless 1.3525 is broken and stability below it.

The expected trading range for today is between support 1.3480 and resistance 1.3650.

The forecast trend for today: bullish.

Author: GC
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