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GBPUSD stays resilient above crucial support
video GBPUSD closed higher than its 50-day SMA and the resistance trendline from October 2022 on Monday, indicating a higher chance for more positive sessions. Moreover, the doji candlestick printed at the bottom of the bearish channel on August 3 was followed by two green candlesticks, promoting an extension towards the channel’s upper boundary at 1.2855. The 20-day SMA and the broken ascending trendline from May are within a breathing distance too, at 1.2880 and 1.2925 respectively, while in the weekly chart, the constraining 200-period SMA is placed in the same region. Hence, traders might wait for a close ... (full story)