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latest update in crypto

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GBP/USD Daily Forecast – British Pound Gets Some Support After Sell-Off

GBP/USD did not manage to get below the support at 1.3100 and is moving towards the nearest resistance at 1.3140. British Pound Tries To Move Higher Against U.S. Dollar GBP/USD found support near 1.3100 and is trying to rebound from yesterday’s sell-off while the U.S. dollar is flat against a broad basket of currencies. The U.S. Dollar Index is currently stuck near the 93 level. It has already made several attempts to get above the resistance at the 20 EMA at 93.15 but these attempts yielded no results. At the same time, the U.S. Dollar Index failed to gain any downside momentum. In case the U.S. Dollar Index manages to settle above the 20 EMA, it will gain upside momentum and move towards the 50 EMA at 93.40 which will be bearish for GBP/USD. Yesterday, UK reported that its third-quarter GDP grew by 15.5% quarter-over-quarter compared to analyst consensus which called for growth of 15.8%. On a year-over-year basis, GDP declined by 9.6% while analysts expected a decline of 9.4%. Indust...
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