GBP/USD

As the financial crisis began in the United States and the dollar weakened, the pound was able to continue its upward trend and break through a key resistance zone. If the pound can hold above this level, there is hope for a continued upward trend. However, if the rates released from the US today and tomorrow lead to dollar growth, it is expected that the pound will return to its range-bound area.

Disclaimer: This analysis is purely educational.

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