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GBPUSD – Reached the trend line

Razvan Mihai

Analyst

The price of GBPUSD dropped again today and reached the support line of the rising trend. Considering the current price action, I believe that a false drop could appear below the trend line, but I believe a bounce is going to appear. The target for a bounce, it is found around 1.5480, while the support area, it is formed between 1.5415 and 1.5400

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