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Market Overview
The GBP/LBP pair closed at 120,603.93, reflecting a marginal increase of 0.00% from the previous close, consistent with its ongoing uptrend. Over the past 30 days, the pair has gained approximately 0.53%, maintaining a narrow trading range between 120,527.30 and 120,610.07. No significant upcoming economic events are currently expected to disrupt this steady momentum. Technically, the 20-day, 50-day, and 200-day moving averages converge near 120,593.6, supporting the bullish trend. The RSI indicates moderate strength, while key support and resistance levels stand at 120,527 and 120,610 respectively. For information only.
Last Updated 1/22/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.