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GBP/USD bounces at 1.6230 again

FXStreet (San Francisco) - The Sterling declined again to 1.6230 and it was supported another time versus the US Dollar y this area but at the same time, the pair is contained by the 1.6250.

Currently, GBP/USD is trading at 1.6248, down 0.12% on the day, having posted a daily high at 1.6280 and low at 1.6230. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish.

GBP/USD levels

If the pair manages to break below the 1.6230, it will face next supports at 1.6215 and 1.6190. On the upside, minor resistance at 1.6250 ahead of 1.6270 and 1.6280.

EUR/USD reacts to the upside and trades above 1.2940

After declining 65 pips overnight from 1.2970 to trade at daily lows of 1.2905, the EUR/USD was trading sideways at this levels in the last few hours; However, pair reacted to the upside following weaker than expected Industrial production and now it is pricing at 1.2940.
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GBP/USD enters wait and see mode - FXStreet

FXStreet Chief Analyst Valeria Bednarik points out that the GBP/USD is stuck midrange between Fibonacci levels on Monday, ahead of a string of key UK releases including CPI readings and BoE meeting minutes.
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