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Dec 12, 2019
GBPUSD election day arrives
The British pound currency faces a pivotal trading day against the US dollar, as the United Kingdom goes to the election polls. Looking at the near-term upside potential for the GBPUSD pair, a breakout above the 1.3220 level could spark a rally towards the 1.3300 level. GBPUSD technical selling could accelerate towards the 1.2910 level if the psychological 1.3000 level is broken.
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If the GBPUSD pair trades below the 1.3080 level, key support is found at the 1.3000 and 1.2910 levels.
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The GBPUSD pair is bullish while trading above the 1.3080 level, further upside towards the 1.3220 and 1.3300 levels still appears possible.