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The GBP/USD pair climbed as high as 1.2282 yesterday where it found strong supply again. Technically, this level stands as an upside obstacle. It has now dropped a little and is trading at 1.2215 at the time of writing.
The uptrend line stands as a downside obstacle. As long as it stays above it, the rate could resume its growth.
Staying above the uptrend line and passing beyond 1.2282 activates further growth. This scenario is seen as a new buying opportunity.
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