âĄïžOn Thursday, GBP/USD continues its downward trend, making efforts to build positive momentum while consolidating slightly below the 89 and 34 EMA. If the losses intensify, a critical support level is identified at 1.2320. It is crucial to uphold this significant support to rekindle optimism for a continuous upward trend. Failing to maintain the price above this support level may lead to a decline towards the 1.2200 threshold.
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