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GBPUSD looks toward 50% retracement target. Key target to get to and through now.
The GBPUSD is trading to a new high going back to September 22, and in the process is stretching toward its 50% midpoint of the move down from the September 11 high. That level comes in at 1.22919. Getting above that level increases the bullish bias from a technical perspective.The move to the upside was able to get above the September 29 swing high at 1.22715, and other swing highs from earlier today up to 1.2273. That area will be now close risk for traders looking for more upside. The 50% mid...
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Posted: Oct 10 2023, 16:48
Author Name: forexlive
Views: 112560