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British Pound Techs: GBP/USD Two-Year-Highs, GBP/JPY Wedge Break
Sterling started the year on a boisterous note, setting a fresh two year high as the calendar turned into 2021. But GBP/USD soon found resistance at a Fibonacci level and prices have begun to pull back, begging the question as to whether Cable bulls will be able to continue driving even with increasing risk around the U.K. economy after another lockdown was ordered. This helped to elicit a bit of a pullback in GBP/USD; but so far buyers have helped to hold the bid above the key psychological level of 1.3500. To learn more about psychological levels , join us in DailyFX Education On the weekly chart below, that recent ... (full story)