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GBPUSD Forecast – Bearish Pin Bar Risk, $1.22000 Key Level

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The price started the week with a small bullish candle and ended the week with a small bullish candle which makes the week bullish.

Thursday and Friday candles returned the price higher and closed the week as a bullish.

The price is now inside the indecision area which the price needs to break to determine future move.

With these strong resistance levels the price will have a hard time to break above, but if the price manages to close above $1.22000 level the next target is $1.23000 which is the next confluence of resistance levels on a daily and weekly time frame.

Penafian

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