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GBPUSD Tests Support, Forms Pin Bar

The GBPUSD sold off from the pin bar sell signal that formed back on August 21st, which we discussed in our daily commentary that day. The market has moved down into key support near 1.5425 today and bounced significantly higher from that support, forming a bullish pin bar in the process. If price remains strong over the next 24 hours we could see the market push higher from today's pin bar and perhaps re-test key resistance up near 1.5700 - 1.5750 area.

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