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Cable a little lower on the day but caught between key near-term levels for now

July 01, 2020 at 07:38AM

Cable a little lower on the day but caught between key near-term levels for now
GBP/USD price action is trapped between the key hourly moving averages
The pair was weaker in European trading yesterday but held on to support from around the 1.2250-60 region before rebounding higher amid month-end and quarter-end flows which saw the dollar weaken across the board.

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