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GBPUSD Daily Analysis – October 27, 2017

GBPUSD moved sideways in a trading range between 1.3087 and 1.3337. The pair is now facing 1.3087 support, a breakdown below this level could trigger another fall to the major support trend line on the daily chart. Resistance is at 1.3337, above this level will indicate that the upside movement from 1.3027 has resumed, then next target would be at 1.3455.

GBPUSD 4-hour chart

Author ForexCycle.comPosted on October 27, 2017Categories Short Term Forex AnalysisTags GBPUSD

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