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Lower in range. GBPUSD remains under pressure

GBPUSD is finding difficulty extending the bounce from the 1.1450 low of October, with fresh sellers appearing just beneath the 1.2795 low of July and 1.2805/10 Fibonacci retracements. Prices are settling into consolidation, as studies turn mixed, but bearish background studies are intact, suggesting fresh downside risks in the coming months. A close below 1.2200 ...

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