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Scandex Market Update – July 15

Scandinavian Capital Markets

British Pound futures pulled back to VWAPs off of the June high and low. The level is also the 200 period average on the 4 hour chart (spot is below) and more or less the breakout level from the short term head and shoulders bottom. I like GBPUSD higher as long as price is above today’s low. Near term support and resistance levels are 1.2510 and 1.2618.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/07/15/market-update-july-15/
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