GBPUSD (1.3128): The British pound has managed to post gains as price action rallied above the 1.3033 resistance level. Currently, GBPUSD is testing the trend line break out level which could still offer some near term resistance. The current extension above 1.3033 weakens the potential head and shoulders pattern. If support is established at 1.3033, then the GBPUSD could be seen posting stronger gains in the near term.

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