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Stephen_Anders

GBP/USD Recovery, Expected to Extend the Upward Momentum

Livre sterling / Dollar américain (OANDA:GBPUSD)  
Stephen_Anders  
OANDA:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Chart Patterns Technical Indicators GBPUSD Relative Strength Index (RSI) sma resistence support buy SELL Forex
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trendanalysis chartpattern indicator gbpusd relativestrengthindex sma resistence support buy sell forex
GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark.

Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected to reach 60, showing that the growth is being fueled and could develop strongly in the near future.






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