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Oct 12, 2020 8:29 AM

GBPUSD Forex Weekly - 12 - 16 Oct 2020 Long

British Pound/U.S. DollarFXCM

Description

Pound inch higher despite US Dollar weakness with upside momentum staying above 1.3000. Stay alert on UK PM Johnson up for Australia-style trade deal if there’s no deal by October 15

Technically, price heading towards uptrend channel looking to touch upper line major resistance but with high volatility price structure made seen last week, kindly be cautious sudden drop 100++pips especially current price will hovering around median line
Comments
ProjectSyndicate
GU is a bit of a tough call right now, but let's see what happens on Tuesday when we get more data out.
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