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April 21, 2025

GBP/USD Approaches Key Resistance: What Will Happen Next?

The GBP/USD pair continues its bullish run, having risen steadily since April 8, and is currently trading around the 1.3370 level. Technical analysis suggests a strong upward trend, supported by price action within an ascending channel. Traders are eyeing the key resistance level at 1.3400, as breaking this could signal a significant upward movement for the pair. This resistance level serves as a pivotal point for market participants, as sentiments surrounding the GBP could shift with upcoming economic releases. Keeping track of these factors will be essential for accurate trading strategies. For in-depth analysis and updates, visit entreprenerdly.com.

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