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GBPUSD Technical Analysis

GBPUSD (1.2989): The GBPUSD currency pair managed to post a rebound after failing to touch down to 1.2808 level of support. The reversal saw price action filling the gap from Monday’s open. Further continued momentum could push GBPUSD back to the upside to the previously held resistance area of 1.3132 – 1.3086. Failure to clear this resistance area could keep GBPUSD trading within the said levels

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