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GBPUSD 1h Analysis August 12th, 2021

FX:GBPUSD   British Pound / U.S. Dollar
Just like EU a big push to the upside happened yesterday during the major news of the dollar. So our potential trade set up is a pullback around the support level to enter long and target the resistance level. But keep in mind that the resistance level was tested multiple times giving us a reason that this pair is still bearish. Then we could wait if it will reject the support or breaks below it.

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