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May 28, 2025

GBP/USD Holds Key Initial Supports, Staving Off Bearish Pressures

GBP/USD is facing challenges on Wednesday after a pullback from the latest multi-month high of 1.3593. The currency pair has cracked the crucial psychological support of 1.3500. Prices dipped to 1.3561; however, the quick bounce back to the 1.3500 zone signals a possible obstacle for fresh bears. Traders should monitor this pair closely to identify potential trading opportunities as market dynamics unfold.

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