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Sep 14, 2020
GBPUSD Awaiting data
The British pound remains under pressure against the US dollar currency, following a heavily bearish weekly price close under the 1.2800 level. Sterling traders now await the release of the Inflation Hearing Report and a key Brexit vote in UK Parliament on Tuesday. A break under the 1.2770 level exposes further technical selling towards the GBPUSD pair 200-day moving average.
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The GBPUSD pair is only bearish while trading below the 1.3000 level, key support is found at the 1.2770 and 1.2660 levels.
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If the GBPUSD pair trades above the 1.3000 level, key resistance is found at the 1.3050 and 1.3100 levels