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GBP/USD: 55 Moving Average acting as resistance

GBP/USD: 55 Moving Average acting as resistance

Information is not investment advice

The 55 Moving Average has is acting as resistance and also there's a bullish 'High Wave', but this pattern hasn't been confirmed enough. Thus, it's likely that the pair is going to reach the previously tested support at 1.2997. In case of a pullback from this level, there'll be a moment for another bullish rally towards the nearest important resistance at 1.3347.

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