GBP/USD | Pound Drops 100 Pips – More Downside Ahead?

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By analyzing the GBP/USD chart on the 1-hour timeframe, we can see that, as expected, the price started to drop and fell by 100 pips, reaching 1.30845. With the U.S. Dollar Index (DXY) gaining strength, I expect further downside movement for GBP/USD in the short term. Keep an eye on the 1.30670 level for a potential price reaction.

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Best Regards , Arman Shaban

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