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The GBPUSD pair is displaying a bullish inclination, aiming to breach the significant 1.3000$ threshold. Market analysts anticipate a favorable catalyst that could propel prices beyond this barrier, paving the way for further upward movement in the short-term and intraday periods. A projected target of 1.3140$ stands as the next major objective.
The bullish sentiment is underpinned by the EMA50, providing crucial support from below. However, a drop below 1.2950$ might prompt a corrective decline, testing support around 1.2890$ before potential renewed bullish attempts.
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Today’s expected trading range spans between 1.2900$ support and 1.3050$ resistance, marking key levels to monitor amidst ongoing market dynamics.
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