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8 Sep 2020
Breaking: GBP/USD breaks 1.3000, 1.2950 now in focus
GBP/USD has scored a low of 1.2993, breaking cleanly below the 1.30 psychological level.
The focus from here can now be on the long-term time frames.
Noting the monthly resistance and bullish impulse, we find a 38.2% Fibonacci target located at 1.2942.
The strong number of 1.2950 is therefor in focus:
Monthly chart
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More to come...