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GBPUSD 21.1.2025
General Trend:
The pair is moving within an ascending channel on the daily timeframe, with notable fluctuations near the upper and lower boundaries of the channel. The 1.2348 level serves as significant resistance.
Expected Scenarios:
Bullish Scenario: If the price breaks the upper boundary of the channel at 1.2348, it may target 1.2400.
Bearish Scenario: If the price fails to break the resistance, it is expected to decline toward the lower boundary of the channel around 1.2230.
Key Levels:
Resistances: 1.2348 - 1.2400
Supports: 1.2230 - 1.2180
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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