Gbp/Usd key levels |
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The pair is falling quickly after the publication of the biggest drop in monthly Retail Sales since 1986. Rebounding right now the key level mentioned yesterday (in the support and resistance post) around 1.9830/40, also coincident with a daily ascendant trend line, only a confirmation under 1.9825 could trigger a downside continuation, first to 1.9792 and finally the zone around 1.9750. Resistances from here will be at 1.9890, followed by 1.9929 and finally the zone around 1.9970.
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