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GBP/USD approaching revised technical support level
The GBP/USD has just now hit a fresh interim low at 1.2940. That is the lowest level for the Pound since August 19. Yesterday an update here noted important trend line support in place at 1.2913. Well, owing to the shifting chart dynamics that support line has now risen to 1.2918 today. So that means the current price is creeping ever closer to that trend line support. Of course, there is no guarantee it will be tested and equally, no guarantee that it will hold, if it is. The GBP/USD is currently trading at 1.2943
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