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GBP/USD testing technical resistance again

Earlier this morning the GBP/USD rose to a session high at 1.2677. That was the exact same price point as its 50 day moving average. The subsequent drop back towards 1.2650 has been reversed again right now. The GBP/USD is edging back towards that 1.2677 level once more. This move has helped to finally push the GBP/JPY above the noted 191 first target level. The high so far on that one has been set at 191.07, So, it remains to be seen, if the GBP/USD can press above that 50 day moving average, or if it will cap the topside again, as it has so far this morning. The GBP/USD is right now on it again, at 1.2677 
 

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