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GBP/USD 12Feb19 | EconAlerts

Technical Analysis – GBP/USD neutral in the medium-term

GBP/USD finds support around 40-day SMA after a bearish rally. GBP/USD is currently challenging the 40-simple moving average (SMA) in the daily timeframe after the aggressive selling interest from the three-and-a-half month high of 1.3217 on January 25. The price is also hovering around the 23.6% Fibonacci retracement level of the downward movement from 1.4375

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