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GBP/USD Threatening a Bullish Breakout

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-“Long term support at 1.4350 remains of interest but daily and weekly divergence with momentum at price lows cast doubt on whether GBPUSD reaches that level.”

-“The sharp turn higher (and pending weekly reversal) is promising for longer term bottoming prospects, especially in light of the mentioned divergence.”


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