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GBPUSD 20.3.2025
General Trend:
The price is in a strong uptrend but is facing resistance in the 1.2981 - 1.3030 zone, which may limit further upside movement.
Expected Scenario:
Bullish Scenario:
A breakout above 1.3030 could drive the price toward 1.3150.
If buying pressure continues, the next target would be 1.3250.
Bearish Scenario:
Failure to break 1.3030 may lead to a pullback toward 1.2795.
A break below 1.2795 could extend losses to 1.2545.
Key Levels:
Resistances: 1.2981 - 1.3030 - 1.3150
Supports: 1.2795 - 1.2545 - 1.2400
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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