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GBPUSD is moving towards a line of 1.2395 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 1.2395 within the next 9 hours.
GBPUSD 1 hour

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