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GBP/USD Forecast July 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 July 2016 05:38 UTC
The GBP/USD pair did very little during the day on Monday, as we continue to see support at the 1.30 level. Alternately, if we rally at this point in time, I think that the sellers will reenter the market at higher levels, as the 1.35 level above is massively resistive. If we can break down from here, I would have to wait until we get below the 1.28 level in order to feel comfortable selling as I do see quite a bit of support underneath current trading levels and think that it will be a fight although I fully anticipate that the British pound will continue to go lower.

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