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gbpusd

The British pound sterling rose to a fresh one-month high, capping a three-day winning streak.

The gains come broadly on a weaker greenback, but the GBP is also bolstered by the ongoing Brexit trade talks.

Price action on the 4-hour chart resembles an inverse head and shoulder pattern.

With the neckline resistance at 1.3000 being cleared, further gains are likely.

As a result, we expect the GBPUSD to rally further with the minimum upside target around 1.3250. There is a possibility that the cable could once again test the 1.3300 level.

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

The post GBPUSD Hits a 1-Month High appeared first on Orbex Forex Trading Blog.


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