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GBPUSD currency pair recently reversed up from the pivotal support level 1.31000 (which has been steadily reversing the price from the end of November) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.3190 stopped the earlier short-term impulse wave (v). Given the strength of the support level 1.3190 and the sterling optimism, GBPUSD currency pair can be expected to rise further toward the next resistance level 1.33300.
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