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GBP/USD still finding resistance at 1.2700 so far today
Yesterday the relapse in the dollar allowed the GBP/USD to rise very close to 1.2700. However, despite coming very close a couple of times, the Pound was unable to vault that level and stalled at 1.2699. The GBP/USD later closed in the US at 1.2686. Today it has traded a range so far covered by 1.2680 to 1.2699. So, as you can see, the Pound has matched the highs it reached yesterday and once again not yet managed to rise above 1.2700. So, it seems there is a seller there for the time being. Perhaps a break above 1.2700 might open a path higher, but unitl it takes out the level we will not know if that will be the case. The GBP/USD is currently trading at 1.2693
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