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Forex pairs in this Article » GBP/USD
FXstreet.com (Barcelona) - The 1.6167/78 resistance area (three month resistance line and mid- and late October highs) was reached and should hold the GBPUSD upside: "We expect to see this resistance area cap in the days to come and then for a few days of weakness to be seen with the two month support line at 1.6060 being targeted", wrote analyst Axel Rudolph, maintaining immediate upside while above that support, or else, a slide back to the 1.5872/1.5770 zone should be seen. "The 1.6175/78 resistance area is considered to be the last defence for the 1.6307 September high", Rudolph added.
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