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GBPUSD Intraday Analysis

GBPUSD (1.4056): The British pound formed an inside bar and price action was seen slipping back to previous levels, albeit forming a higher low. This suggests that price could be attempting to push higher in the near term. The immediate resistance level at 1.4115 is the ideal target to the upside that could be tested. To the downside, the support at 1.4000 is most likely to hold the declines.

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