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Swing space additionally stalls the rally at the moment
The GBPUSD moved to a brand new excessive within the US session and within the course of moved as much as check the 200 hour MA at 1.33522. The excessive worth reached 1.33512. That top additionally examined a swing space between 1.3352 and 1.33632. The 50% retracement of the transfer down from the November 18 excessive can be within the space at 1.33528.
If the costs to go increased, getting above these ranges is a requirement. Absent that, and the sellers are nonetheless in additional management. The consumers are NOT successful.
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