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GBPUSD






8/27/2020 3:47:08 AM

GBPUSD - Technical Analysis: Thursday, 27/08/2020 07:47 GMT



The GBPUSD pair’s moves are confined within sideways range, considered as a continuous bullish rectangle pattern, signaling that surpassing 1.3225 – 1.3255 levels will push the price for more rise and head towards 1.3400.

The exponential moving averages 50 and 100 continue to provide the positive support to the price to reinforce the chances of achieving more gains.


Target
Risk


Support
Resistance


Trend Bullish

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