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GBP/USD: 144 MA acting as resistance

GBP/USD: 144 MA acting as resistance

Information is not investment advice

The 144 Moving Average is acting as resistance, so there're bearish patterns such a 'Shooting Star' and an 'Engulfing', which both have been confirmed. Thus, we should watch the nearest support at 1.2938 as the next target. If a pullback from this level happens next, there'll be a moment to have a local upward correction towards the previously tested resistance at 1.3119.

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