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GBPUSD is moving towards a line of 1.2143 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBPUSD continues in its current trajectory, we may see it move towards 1.2143 within the next 23 hours.
GBPUSD 1 hour

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