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Forex pairs in this Article » GBP/USD
FXStreet (Barcelona) - Market Strategists at UOB Group note that the spike higher yesterday in GBP/USD held below the strong short-term resistance at 1.6740 (high of 1.6727).

Key Quotes

“While there are some signs of stabilization, only a clear move above 1.6740 will suggest a retest of last week’s high at 1.6825.”

“Otherwise, we still believe that GBP is vulnerable to a deeper pullback before further mid-term gains can be expected. A break below the key support at 1.6570 will suggest a move towards 1.6445.”
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