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GBP/USD lifts to a new high on the week above 1.2620
The dollar is slipping back again right now as early US players return to their desks for the final session before the Thanksgiving holiday. The EUR/USD is pressing back towards its earlier session highs as prior modest rebound in the USD/JPY seems to blow out. US yields are slipping again right now and that is pushing the Pound higher versus the Dollar too. So, just now the GBP/USD reached a new high on the week, above 1.2620. At this point there is no certainty this rise will extend and much will depend on the US data releases this afternoon. It could also depend on whether, or not there are month-end dollar selling orders in place today. If the Pound does extend on the topside, the reader is reminded of the first technical level, which is still in place at 1.2710. The GBP/USD is currently trading at 1.2621
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