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GBPUSD

Support from USD’s Decline Keeps Price Rally Firmly Supported

July 29, 2020
GBP/USD Hourly (H1) Chart
GBP/USD Hourly (H1) Chart

GBP/USD: Despite pressure on Pound from the local market, overwhelming support from USD decline in global market keeps positive price rally firmly supported, causing pair to test 1.295 mark. Traders now await US data for short term profit opportunities. 

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