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GBP/USD Price Analysis: Technical outlook

guntur360
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The GBP/USD is still range-bound but has edged towards the 50-day moving average (DMA) At 1.2671, the peak of that area, but retraced. However, a daily close above the February 19 high of 1.2629 could open the door for further gains. The next resistance would be the 50-DMA and 1.2700. Conversely, if sellers push the exchange rate below 1.2600, look for a fall to the 200-DMA at 1.2563.


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