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Technical Analysis: GBP/USD

img The pair is still trading above the 76.50 support. Should it break below this level, it will confirm declines ahead of the 75.50 low. Otherwise, we could see a rebound towards the 100-Day SMA by 77.15 or the 50-Day SMA by 77.35, with a break and consolidation above to extend gains towards the 78.30 resistance and the 200-Day SMA by 78.50.

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