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GBP/USD Daily Technical Reports

Spot Price: 2.0275
Technical Analysis:
The strategy for the pair is remains sell.

The GBP/USD broke and closed below the 38.2 fibo of the 1.9225/2.0655 move at 2.0265. Only a break back above the 20-day MA around 2.0335 would ease the downward pressure.

The RSI is in oversold area at level 24.61%, the trend is down.MACD bellow the zero line.














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