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GBP/USD – approaching a price line that has been previously tested numerous times in the past

GBP/USD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 20 hours and may test it again within the next 5 hours.

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10 year US Treasury Note DECEMBER 2023 has broken through a support line. It has touched this line numerous times in the last 9 days.

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