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GBP/USD – approaching a support line that has been previously tested at least twice in the past

GBP/USD is moving towards the support line of a Falling Wedge. Because we have seen it retrace from this line before, 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 4 days and may test it again within the next 18 hours.

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After testing resistance twice in the past, GER30 has finally broken through. Can we expect a bullish trend to follow?

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EUR/USD Target Level: 1.1026

EUR/USD Target Level: 1.1026

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