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GBP/USD finally edges past 50 day moving average
Well, it has taken all day and a drop back in the USD/JPY for its earlier highs, to facilitate the move, but the GBP/USD has now finally edged its way above the noted 50 day moving average, in place at 1.2786. The high seen so far has been set at 1.2794 and it remains to be seen, if the Pound can set a daily close above this level. If it can that might be quite positive, but we should remember there is some important UK jobs data to navigate early tomorrow- at 6am GMT we get the July unemployment report. That can either add to any positive close tonight above 1.2786, or detract from it. As also noted here earlier, owing to technical issues there will not be any further Quick News updates from this analyst now, until after 8am GMT tomorrow morning. The GBP/USD is currently trading at 1.2788
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