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Forex pairs in this Article » GBP/USD (Córdoba) - The British pound strengthened during the American session and rose to fresh highs above 1.6000 versus the dollar as investors sentiment improved.

Supported by stocks rally, GBPUSD climbed to a marginal new high of 1.6004 in recent dealings and continues to hover around the 1.6000 level as markets await the US vote outcome. The Cable was last up 0.1% on the day at 1.6001.

As for technical levels, if the GBPUSD manages to break decisively above the 1.6000 mark, next resistances are seen at 1.6035 (Nov 5 high) and 1.6055 (100-hour SMA). On the downside, immediate supports could be found at 1.5955 (Nov 5 low), 1.5935 and 1.5911 (23/24 Oct lows).
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