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GBPUSD moves to new high as Europe looks to exit. Key resistance targets approached.
The GBPUSD has moved to a new session high as London/European traders look to exit for the day. The price had been inching higher after an initial dip in the Asian Pacific session and found support ahead of the 50% midpoint of the move up from the June 29 below near 1.2866. The low for the day reached 1.2874. The 100-hour moving average is just below that level at 1.2862 currently. Through the FOMC rate decision, the 50% midpoint and the 100-hour moving average will be a level that if broken wou...
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Posted: Jul 26 2023, 15:49
Author Name: forexlive
Views: 102685