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Volatility Picks Up Amid Holiday-Thinned Liquidity

GBP
  • Wave of GBP weakness evident in recent trade, with price action likely heightened by thin liquidity due to the UK market holiday today.
  • GBP/USD plumbs new session lows while EUR/USD hits the day's best levels at 0.8410. Resistance layered ahead in the cross at 0.8433/68 High Apr 29 / High Apr 27 as well as 0.8512/39 High Mar 31 / 2.0% 10-dma envelope.

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