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Scandex Market Update – May 28

Scandinavian Capital Markets

GBPUSD erased most of yesterday’s rally but I remain constructive. In fact, price found support near the short term trendline that originates at the 5/18 low. I want to see strength above 1.2300 (blue line) before committing capital to the upside again though. In general, this level has been support and resistance for a little over a month.

Source: https://scandex.com/2020/05/28/market-update-may-28/
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