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Forex - Chart GBP/USD Update: Short term momentum is in the bull's favour


 08:48 (GMT) 19 Oct

  [Forex Charts]

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Chart GBP/USD Update: Short term momentum is in the bull's favour (0100-HGQC-C01)

Asterisk denotes strength of level

08:45 GMT - With yesterday's session closing near its high tick, the momentum is tipped in the bull's favour. However, the recent break down should guide price lower over the medium term.
Higher prices could still attract fresh selling, with the market watching 1.2450 closely to see if it might hold as resistance. [JH]

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