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GBP/USD stops tripped on breaks through 1.4886 (Apr 9 high) & 1.49

  • UK election in 3 weeks, hung parliament expected

  • Cable shorts squeezed during cent climb to 1.4920 (8-day high)

  • Key resistance at1.4981 = post-NFP data high and 1.4995 = Mar 26 high

 

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