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April 21, 2025

GBP/USD Forecast: Breaking Resistance at 1.3400 Level

The GBP/USD pair has maintained its winning streak since April 8, trading around the 1.3370 level during the Asian session on Monday. This follows a pattern of bullish performance that several technical indicators support. The daily chart analysis reveals a consistent upward trajectory as the pair advances within an ascending channel, pointing to potential further gains. A significant point of interest for traders is the primary resistance level at 1.3400, which could dictate future movement for GBP/USD. A breakthrough at this level might open doors for new bullish opportunities. Investors and traders should monitor economic data from the UK that may influence this currency pair’s performance. For detailed forecasts and analyses, check out entreprenerdly.com.

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