Forex Trading Library

GBP/USD –16.05.2025

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The Pound printed a 1.3332 high today while we still hold our previous outlook as per yesterday.
As long as the market holds below this resistance of 1.3360, another drop will be expected to test the 1.3200-20 zone while below this level more of a drop will be expected towards 1.3030.
Above 1.3360 more advance toward 1.3440 and above is likely.

SUPPORT RESISTANCE
LEVEL1 1.3200-20 1.3360
LEVEL2 1.3140 1.3440
LEVEL3 1.3030 1.3635
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