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GBPUSD turning bearish

British Pound / U.S. Dollar (FX:GBPUSD)  
OctaFX_Official  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD pound dollar octafx support Support and Resistance
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trendanalysis chartpattern indicator gbpusd pound dollar octafx support supportandresistance
The British pound has slumped to a fresh weekly trading low against the US dollar as reports surface that British Prime Minister Boris Johnson may call for a UK General Election next week. The GBPUSD pair has a negative intraday bias while trading below the 1.2850 level. The GBPUSD pair is likely to be sold heavily on any rallies back towards the 1.2890 resistance level.

• If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2890 and 1.2920 levels.
• If the GBPUSD pair trades below the 1.2850 level, key support is found at the 1.2770 and 1.2720 levels

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