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GBPUSD - Possible Bounce?

The cable has been stuck at the 200 DMA and it appears ready for a small bounce, after the latest sell-off as the pair failed to drop to new lows. Our preferred scenario is to go long at these levels, targeting 1.3720. the stop loss should be at 1.3450.
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We are closing our position for a marginal loss as the cable failed to bounce.

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