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GBPUSD extends higher in trace at the highest level since May 11

The GBPUSD moved lower into the early European session and in the process retested a swing area between 1.25367 and 1.25474 along with the 61.8% retracement of the May trading range at 1.2537. The price briefly moved below that level but could not find follow-through selling and quickly rotated back higher. Sellers turn the buyers and have pushed the price to the upside over the last 4 hours or so. The prices extended to new session highs going back to May 11. Risk is now the aforementioned swin... Read More

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Gbpusd

Extends

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Highest

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Posted: Jun 9 2023, 13:39

Author Name: forexlive

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