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After testing 1.2092 numerous times, GBP/USD has finally broken through. Can we expect a bearish trend to follow?

The breakout of GBP/USD through the 1.2092 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBP/USD could test 1.1926 within the next 22 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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UK100 is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 19 days.

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