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GBP/USD capped by heavy resistance

  • Pair sees solid resistance which is capping bulls at 1.5481

  • 1.5481 - 23.6% retrace of the 1.7192 to 1.4952 July to Jan fall

  • Ichimoku Cloud is just above at 1.5490 adding continuous supply

  • Chances that bulls will run out of steam which will see a reversal

  • Traders remain short with stop above 1.5490

 

  • Market Data
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