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GBPUSD currency pair recently reversed up from the support zone lying between the pivotal support level 1.40850 (which has been reversing the price from the end of May) , lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from April. Given the strong uptrend and the strengthening bullish sterling sentiment – GBPUSD currency pair can be expected to rise further toward the next resistance level 1.42350 (target price for the completion of the active impulse wave 3)
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