GBP/USD to extend its recovery if the 1.3440 level turns into support GBPUSD
“In case market participants are convinced of Russia's willingness to look for a diplomatic solution to the conflict, the pound could continue to gather strength against the relatively safer dollar. On the flip side, the greenback is likely to attract investors if there is a negative shift in risk sentiment.”
“An ascending triangle seems to have formed on the four-hour chart. The triangle resistance is located at 1.3440 and it could be assessed as a bullish sign if this level turns into support.”“Supports are located at 1.3400 , 1.3340 and 1.3300 .”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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