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GBP/USD still struggling for traction
Just as with the EUR/USD noted here earlier this morning, the GBP/USD has fallen victim to a stronger dollar so far this week and that has delivered another rejection of any further gains beyond the 1.34 handle. Yesterday the GBP/USD fell back to a low at 1.3237. That low was just above the current 21 day moving average, in place right now at 1.3233. The Pound closed in the US last night at 1.3286. Today it has fallen back from an earlier Asian session high, at 1.3296. The low seen so far has been set at 1.3261. So, 1.3233 remains a price point of interest on the downside and in terms of the topside, only a rebound back above 1.34 might address the current wave lower. The GBP/USD is currently trading at 1.3271
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