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GBP/USD technical analysis

gbpusd technical

GBP/USD technical analysis

GBP/USD trading in positive territory all day, it made three attempts to break above 1.34 but with no success. The forex pair seems to run out of power at that level. I believe a test of the 1.3000 area remains well on the cards for Cable in the next weeks. Entering a short position at current level with stop loss at 1.3427 and take profit at 1.3310

 

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