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    GBP/USD Intraday Technical Analysis


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    Technical summary:

    Minor resistance at 138.68 is still held firmly so the risk remains for more downside pressure towards important support near 133.07, but it will take a break below this level to turn the picture bearish. To remove the downside pressure a break above minor resistance at 138.68 is needed and it will call for a move higher to 141.06 and 144.03.

    Trading recommendation:

    We will stay neutral for now as the picture is a bit unclear.

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