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GBPAUD today once again reversed down from the key resistance area lying between the powerful resistance level 1.9070 (monthly high from October, which stopped earlier waves (3) and 1) and the upper daily Bollinger Band. Given the strength of the aforementioned resistance area and the rising bearish Sterling sentiment – GBPAUD is likely to fall further toward the next key support level 1.8910 (low of the previous wave 1, which also stopped previous correction B in October)
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