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Daily Technical Analysis FxGrow

GBP / USD stood 1.3311 behind yesterday, failing to maintain 1.3300 level and 1.2325 drowned and closed at 12350 at 10 EMA.

Today's cable sells flat with 38 pipes worth 1.3268 higher, compared to UK CPI inflation report, Bio governor followed by Governor Corneck, who hopes at a certain speed based on the data outcome for setting a pound in a certain direction. Expected 3.00% compared to 2.9% in previous sessions. If the CPI is managed by a 3% score and above, the pair will set up a new course with a Bell destination, since the data can inspire the cornea for a flying tone.
Technical Analysis GBP / USD

Current Price: 1.3256

Closing price: 1.3250

Target: None

Resistance levels: 1.3285, 1.3333, 1.3350

Support level: 1.3240, 1.31212, 1.3154

Trend: next to

Remarks: Overall, the market is trying to exceed 1.3285 resistance with short-term bearish. A closing down of 1.3285 * or a small trunk below the 1.3333-50 signal can trigger a downward surge and 1.3410+ climbing in the area. Rolls off from 1.3285 hints for the returning forces under the dealer's pressure on Thursday's range. 1.300 less warning for secondary sales.


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Note: This analysis is not intended for general information and investment provisions. Investors should consider the accuracy of this information related to their personal goals, financial circumstances, or needs before acting on this information. We recommend consulting your investment advice to investors before making any financial investment decisions.

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