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Long

GBP/USD Technical analysis

FX:GBPUSD   British Pound / U.S. Dollar
Despite several attempts to break down the support of 1.29783, the support remains tall.
The counter has bounced off from the lows and formed a double bottom pattern in the hourly chart.
It also took down a critical resistance of 1.30085 in the due process.
Now, its currently testing the broken resistance.
We expect the broken resistance to lend support and push the price to the next resistances at 1.30365 and 1.30580.
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