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GBP/USD Testing Key 50-day EMA Support Through London Close

GBP
  • Renewed USD strength pressuring GBP/USD to fresh daily lows through the London close. The latest leg lower has put prices through the 50-day EMA support of 1.2407.
  • A clear break and close below here will cement bearish conditions and open 1.2353, the Apr 17 low below

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