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Rebound theme

GBPUSD

A dip and a rebound Wednesday from just below 1.2898 support and above 1.2867 (from 12887) to retain upside forces from Monday’s rally through notable 1.2976 resistance after last week’s strong advance (above 1.2898 and 1.2917 resistances), to leave risks higher for Thursday.

  • We see an upside bias for 1.2954; break here aims for 1.2985, key 1.3013 and maybe 1.3053.
  • But below 1.2887 quickly aims for 1.2867 and then maybe opens risk up to 1.2835
by Steve Miley November 21, 2019
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