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GBP/USD finds resistance at 1.6275

FXStreet (Córdoba) - Cable was unable to hold to gains and pulled back against the US dollar in New York. GBP/USD rose further at the beginning of the American session but the rally from 1.6210 found resistance at 1.6275.

Afterwards the pair pulled back to 1.6235/40 and it was trading around 1.6250, around the same level it closed on Friday.

GBP/USD levels to watch

To the upside, immediate resistance lies a round 1.6270/80 (daily high) and above here at 1.6300. On the other side, support might be located around 1.6235 (intraday level) and below here at 1.6210/15 (daily low) and 1.6185.

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