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March 21, 2025

GBPUSD Clings to Mid 12900 Levels as It Eyes New Peaks

The GBPUSD pair displayed limited intraday movement on Friday, evolving within a narrow range as it fluctuated around the 1.2960 level during the Asian trading session. Notably, the pair managed to stay close to its highest point since early November, breaching the significant 1.3000 psychological level just yesterday.

Currently, GBPUSD is positioned at a key crossroads, with the price action closely tied to the continued fluctuations of the USD. As investors remain watchful, any notable shifts in the currency pair could lead to decisive trends, particularly if economic indicators emerge. With investors keenly observing the potential for further advancements, the coming days could prove pivotal for the GBPUSD.

Ultimately, market sentiment and future economic data will play crucial roles as GBPUSD grapples with ongoing volatility in the broader forex landscape.

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