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Jul 30, 2020
GBPUSD strong demand
The British pound continues to enjoy dip-buying demand against the US dollar currency, with traders buying any dips towards the 1.2900 level. GBPUSD bulls could start to rally the pair towards the 1.3090 level if a breakout above the 1.3015 level takes place. Repeated failure to overcome the 1.3000 resistance level could see the GBPUSD pair falling towards the 1.2785 level.
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If the GBPUSD pair trades above the 1.2900 level, key resistance is found at the 1.3115 and 1.3090 levels.
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The GBPUSD pair is only bearish while trading below the 1.2900 level, key support is found at the 1.2785 and 1.2740 levels.