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GBPUSD - Surges to Seven Month High above 1.31 as U.K. Election Looms

 

 
In the last two days the GBPUSD has surged through the key 1.30 level to reach its highest level in more than seven months. Given the break, the 1.30 level will be expected to provide some support should the sterling decline. Leading up to the surge for the last six weeks or so, the GBPUSD traded in a narrow range consolidating under resistance at 1.30, which has become a level of significance as a result.
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GBPUSD - Settles Below 1.29 as Brexit Critics Roll On

 

 
In the last few weeks or so the GBPUSD has eased ever so slightly from its five month high just above 1.30 after smashing through the key 1.25 level which has resisted prices strongly in the last month three weeks ago. In the last few days it has settled right under 1.29 having met some resistance from around 1.30. The 1.25 level may now reverse roles and provide some support should the sterling decline from its current highs. It may also use this current consolidation period as a base for higher prices as it may look to test the resistance at 1.30.
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GBPUSD - Eases Towards 1.28 after BOE Sits on Rates

 

 
In the last three weeks or so the GBPUSD has eased ever so slightly from its five-month high just above 1.30 after smashing through the key 1.25 level which has resisted prices strongly in the last month several weeks ago. The 1.25 level may now reverse roles and provide some support should the sterling decline from its current highs. It may also use this current consolidation period of trading between 1.28 and 1.30, as a base for higher prices as it may look to test any possible resistance at 1.30.
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XAUUSD - Settles Around $1500 as IMF Warns on Global Growth

 

 
In the last two months gold has settled around the current key $1500 level, moving back and forth around this level, seemingly content to not move anywhere else. In the first week of September gold fell sharply from its multi year highs above $1550 down back below the $1500 level however it has been well supported and it has kept its head about this key level, or thereabouts.
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GBPUSD - Settles around 1.29 as Brexit Lingers On

 

 
In the last week or so the GBPUSD has eased ever so slightly from its five month high just above 1.30 after smashing through the key 1.25 level which has resisted prices strongly in the last month three weeks ago. The 1.25 level may now reverse roles and provide some support should the sterling decline from its current highs. It may also use this current consolidation period as a base for higher prices as it may look to test any possible resistance at 1.30. Prior to the surge higher to above 1.30, it had settled right around the 1.23 level after falling away from the key 1.25 level, where it met stiff resistance for nearly two weeks.
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Valutrades Market Blast Fundamentals 21 October 2019

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GBPUSD - Surges to Five Month High Above 1.28 as Brexit Meetings Continue

 

 
In the last week the GBPUSD has surged strongly higher to a five month high above 1.28 after smashing through the key 1.25 level which has resisted prices strongly in the last month. The 1.25 level may now reverse roles and provide some support should the sterling decline from its current highs. Prior to the surge, it had settled right around the 1.23 level after falling away from the key 1.25 level, where it met stiff resistance for nearly two weeks.
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Valutrades Market Blast Fundamentals 14 October 2019

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GBPUSD - Settles around 1.23 after Latest Brexit Deal

 

 
In the last four days the GBPUSD has settled right around the 1.23 level after falling away from the key 1.25 level, where it met stiff resistance for nearly two weeks. Just prior to the resistance at 1.25, the GBPUSD enjoyed a strong surge higher to a one month high above 1.25, but was sold down strongly at anything above that level, whilst the resistance above at 1.27 loomed like a dark cloud. The sterling did meet some resistance around 1.23 towards the end of August and this level is now providing some support for the time being. The 1.25 level is highly likely to offer more resistance should the sterling rally from its present levels.
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GBPUSD - Surges to Above 1.22 after PM Loses Election Call

 

 
In the last 24 hours the GBPUSD has enjoyed a strong surge higher to a one week high after threatening to break lower through the current key support level at 1.20. The sterling did meet some resistance around 1.23 two weeks ago and this may put a lid on any enthusiasm for it to rally much higher. For the last month the GBPUSD has been able to consolidate and receive solid support off the 1.20 level, allowing it to stop the rot and take a breather from its drastic falls in the last three months.
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