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GBP/USD powerful rally threated

From an hourly perspective, the GBP/USD has reached its highest momentum reading of the last 20 days of trading.

Recent GBP/USD longs are speculative and likely vulnerable. Unless they are fed with comforting releases, a torrent of selling could very well ensue in the form of profit taking and/or forced liquidation.

With the fresh printed hourly MACD showing less acceleration, the prospect for a base building or correction in the near future looks to be quite realistic.

NZD/USD hits highest level since June

NZD/USD resumed the rally on Wednesday after a correction on Tuesday and hit the strongest level in three months. The pair beneficiated from the decline of the US dollar across the board.
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GBP/USD extends gains above 1.5400

GBP/USD rose further during the American session and printed a fresh 3-week high at 1.5439 as Greenback remains under pressure in the market.
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