GBPUSD Currency Pair H4 Market Outlook

The GBPUSD pair is bearish on the 4-hour chart, with expected support levels of 1.19747 and 1.19500. Price may reverse and test 1.22202, but could also retrace to 1.22200-1.22511 before reaching support. Fed Chair Powell's speech and UK GDP report could affect price movement and cause volatility.

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Trade ist aktiv:

As predicted, the price reached the critical support level. What's next?
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CPI day... What's your idea?