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GBP/USD Daily Technical Reports

Spot Price: 1.9740
Technical Analysis:
Today"s 1.9733 lows completed a 75% retracement of the 1.9680 to 1.9900 rebound fm the May 21 trend low to Tues"s failed breakout beyond 1.9895. An oversold hourly bullish divergence has accompanied those lows, suggesting room for a rebound, but none yet. Initial resistance is the 10-day MA at 1.9790. Looking to sell upside failures














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