Heavy overhead supply meets a relentless Dollar bid. The Pound is running out of oxygen. Signal: SHORT (Breakdown Execution)
6 Major Levels:
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1.3550 (Resistance – Macro Ceiling)
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1.3410 (Resistance – Continuation Target)
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1.3325 (Current Active Price)
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1.3250 (Support – Near-Term Floor)
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1.3150 (Support – Breakdown Abyss)
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1.3000 (Target – Deep Structural Support)
April Price Prediction and Forecast:
Sterling is suffering from the exact same geopolitical headwinds as the Euro, compounded by a lack of domestic growth catalysts. Any bullish momentum is being instantly capped by institutional sellers unloading their exposure into retail FOMO.
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Probabilities: 60% continuation of the Dollar wrecking ball pushing Cable lower; 40% chance of a sideways consolidation trap.
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April Prediction: A methodical grind downward. Look for the Pound to bleed out toward the 1.3150 structural floor before finding any meaningful institutional bids.
