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GBP/USD Daily Technical Reports

Spot Price: 2.0312
Technical Analysis:

Monday"s failure by 2.0263 directly coincides with the 78.6% fib retracement off of the 06-24 July move, providing excellent entry to build on longs. The failure below 2.0263 has opened today"s break back above 2.0300 ending a string of consecutive daily lower lows and lower highs, opening the door for additional gains over the coming days.

The market strategy is Buy at 2.0300
















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