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The GBPUSD forecast update 07-06-2024
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The GBPUSD forecast update 07-06-2024
Jun 7, 2024 7:56 AM

The GBPUSD price faces strong negative pressure to approach testing the key support 1.2700$, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the positive scenario active for the upcoming period, which its next target located at 1.2893$, noting that the continuation of the decline and breaking 1.2700$ will put the price under additional negative pressure to head towards targeting 1.2580$ areas on the near-term basis.

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