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The GBP/USD pair will continue to rise from the level of 1.3473. The support is found at the level of 1.3473, which represents the 38.2% Fibonacci retracement level in the H1 time frame.
The price is likely to form a double bottom. Today, the major support is seen at 1.3473, while immediate resistance is seen at 1.3594.
Accordingly, the GBP/USD pair is showing signs of strength following a breakout of a high at 1.3545.
So, buy above the level of 1.3545 with the first target at 1.3594 in order to test the daily resistance 1 and move further to 1.3624.
Also, the level of 1.3661 is a good place to take profit because it will form a double top.
Amid the previous events, the pair is still in an uptrend; for that we expect the GBP/USD pair to climb from 1.3545 to 1.3661 today.
At the same time, in case a reversal takes place and the GBP/USD pair breaks through the support level of 1.3473, a further decline to 1.3424 can occur, which would indicate a bearish market.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
