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GBP/USD Forecast Update: August 30, 2024

The GBP/USD currency pair is currently trading with notable positivity and may test the resistance of the bullish channel near $1.3235 before potentially declining again.

As long as the resistance at $1.3235 holds, the bearish trend scenario remains in play. The primary correctional target continues to be $1.3124.

The expected trading range for today is between support at $1.3075 and resistance at $1.3225.

Trend Forecast: Bearish

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