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The British Pound is making new highs

GBP
  • The British Pound makes a new high against the Dollar a new intraday high of 1.2840.
  • Looking at Technical, next area of interest in Cable is further out, towards 1.2881 76.4% retracement of the Jul 14 - Oct 4 bear leg.
  • Next support in EURGBP is now below the figure at 0.8493 Low Aug 23 2023 and a key medium-term support.

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