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GBPUSD June 29, 2018 Weekly Analysis

Exclusive Capital Ltd.

The GBPUSD is still under pressure amid the British government not finding a solution for the Irish border. The positive point here is that there is still time until October to come up with a solution. In contrast, in the scenario where the Brexit negotiations keep progressing then the 1.5000 level is a realistic target over the long term. Today, we see some profit taking after yesterday’s low at the 1.3049 zone. Major support is found at the 1.2920 and resistance at the 1.3278 the 20 days moving average.

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Source: https://www.exclusivecapital.com/gbpusd-june-29-2018-weekly-analysis/
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