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trend-liner

GBPUSD Carves Bearish Signal Above Key Level

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
trend-liner  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance
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trendanalysis supportandresistance
After bouncing from the 1.2980 key level earlier this week, the GBPUSD is carving a potential bearish engulfing candle today.

I say potential as today’s session isn’t over yet.

We’ll have to wait and see what happens next week, but a daily close below the 1.2980 area could send the pair lower.

Key support levels below that include 1.2770 and 1.2570.
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