Market analysis：Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across.The UK GDP m/m data (Forecast: 0.1%, Previous: 0.0%) will be released later at 1400 (SGT). It is forecasted that the UK economy grew by 0.1% in March.If the released data is better than or as forecasted, GBP may strengthen.UK banks will be closed tomorrow in observance of Good Friday. Lower trading volume and volatility is expected during the London session.GBP/USD’s next support level is at 1.22400 and the next resistance level is at 1.25500.
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