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GBPUSD Triggers Short Term Uptrend

GBPUSD with the pair resuming its short term uptrend on Thursday, more strength is expected in the days ahead. Support lies at 1.2500 area with a break below that level turning attention to the 1.2450 level. Further down, support lies at the 1.2400 level where a violation will shift focus to the 1.2350 level. Below here will open the door towards the 1.2300 level. On the upside, resistance is located at the 1.2600 with a break above there allowing for morel strength to build up towards the 1.2650 level. Further out, resistance stands at the 1.2700 level followed by the 1.2750 level. On the whole, GBPUSD retains its upside pressure

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Mohammed Isah is a co-founder, technical strategist and head of research at FXAssure.com. He has been trading and analyzing the foreign exchange market for the past 7 years. He formerly traded stocks before crossing over to the forex market where he worked for FXInstructor LLC as a technical analyst and head of research before Joining FXassure.com.

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