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> USD under pressure as Biden heads towards victory – GBP/USD Market Outlook – 05/11/2020
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USD under pressure as Biden heads towards victory – GBP/USD Market Outlook – 05/11/2020

SquaredFinancial

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The Pound kept trading within the same price structure yesterday as US election uncertainty prevailed. However, with Joe Biden heading towards the victory and BOE keeping the rates the same this morning, while boosting its bond buying program by £150 billion, the Cable could see further upside in the short-term targeting 1.3070 and possibly 1.3160.

Support: 1.2935/ 1.2865
Resistance: 1.3070/ 1.3160

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/usd-under-pressure-as-biden-heads-towards-victory-gbp-usd-market-outlook-05-11-2020
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