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gbpusd

The British pound sterling briefly tested the price level near 1.3122.

Price action was rejected, and this resulted in a strong bearish candlestick.

The current declines could see GBPUSD testing the lower support at the 1.3000 region.

We also have a rising trend line that could act as dynamic support in the short term.

However, for now, GBPUSD could settle into the range between 1.3122 and 1.3000.

Test your strategy on how the GBP will fare! Open your Orbex Account and start trading now. 

The post GBPUSD Establishes Resistance At 1.3122 appeared first on Orbex Forex Trading Blog.


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