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GBP/USD Daily Technical Reports

Spot Price: 1.9922
Technical Analysis:
Long trade saw prices rise to nearly 1.9970 before unwinding o/b hourlies with a correction toward the top of the downtrend line prices broke above Mon, now at 1.9905, as well as the former range high at 1.9900. Stop is below those supports. Dailies remain bullish and not o/b yet. 2.0000 is the next obstacle ahead of the 2.0075 profit-taking objective.














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