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GBP/USD edging towards 1.30 again- will it cap the top once more?
Since the last update here on the Pound, the GBP/USD has pushed its way above the noted 100 day moving average, at 1.2984. The move higher is right now creeping closer to the 1.30 handle once more. So, it remains to be seen if this level will cap the topside again. It is possible given the most recent price action over the past few days, following the budget, there could be some stops above 1.30, but we shall have to see on that, if and the level is tested again. The high seen so far a short while ago was at 1.2994. The GBP/USD is currently trading at 1.2990
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