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Sterling/Dollar Pin Bar Buy Signal From Key Support

The GBPUSD has been moving lower recently and it's finally hit the key long-term support level near 1.5270 - 1.5230 that we've been discussing in our recent commentaries. We can see a daily chart bullish pin bar signal formed today and this is just the type of signal we've been watching for down at these extreme support levels. We could see price retrace back to resistance before the downtrend resumes. There's near-term resistance near 1.5390 and then more resistance further up near 1.5625

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