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Technical Analysis GBP/USD | InvestmentBell

AnalisisForexTechnical Analysis GBP/USD

Technical Analysis GBP/USD

After the GBP/USD prices declined, they quickly rebounded from the lower boundary of the ascending channel at the price of 1.2455.  Now, if the prices remain above these levels, there will be an opportunity for an upward movement and buying with targets reaching 1.2560  as the first target. However, if the prices decline and break below these levels, any opportunity for an upward movement will be canceled.

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