ACTIV8X

GBPUSD: Bounced back after a long downtrend...

FX:GBPUSD   Pound Sterling/U.S. Dollar
The GBPUSD             rallied today with stamina, bouncing upward after hitting its 3 months support level , last Friday.
Pursuing this trend will drive it back to 1.5502, with 1.54433 as a primary objective.
Failing to pursue its rally will throw the cable back to a bearish market with 1.51646 as an objective.
At today's opening, the GbpUsd             was trading at 1.53925, above its daily Pivot Point , which is around 1.5358. The cable's daily support levels are around 1.5303 and 1.52146. Its daily resistance levels are around 1.5447 and 1.5504.
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