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GBPUSD technical analysis

GBPUSD

The pair is trading amid a stronger US dollar, which is still supported by the growth in the yield of US Treasury government bonds.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are also declining.

Trading idea:

A decline below 1.3600 will result in a further drop to 1.3525.

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