GBP/USD – 28.03.2025
Portfolio Pulse from
The GBP/USD currency pair has fallen below the 1.2940 support level, with the market closing around 1.2860. The current technical outlook suggests potential for another drop towards 1.2860 if the market remains below the 1.2980 resistance level. Traders should watch key support and resistance levels for potential trading opportunities.
March 28, 2025 | 12:45 pm
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POSITIVE IMPACT
The potential continued weakness in GBP/USD could provide support for the US Dollar ETF, as the British Pound shows signs of further decline.
The bearish trend in GBP/USD suggests potential strengthening of the US Dollar, which could positively impact the UUP (Invesco DB US Dollar Index Bullish Fund).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50