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GBP/USD

The GBP/USD will extend the downside mode below the 1.2600 according to Early Europe and it will remain the broad risk aversion.

The GBP/USD holds a useful set up however the bullish energy helped after the ongoing remedy. The quick help is seen at 1.2595, trailed by 1.2560. A break under 1.2530 could nullify the bullish trend. On the upside, the opposition is seen at 1.2630 (flat level and 20-hour moving normal) and 1.2665.

The constant overflow in corona virus cases in the US worries over the worldwide financial bounce back and Brexit vulnerability applies bearish weight on the spot.

The pair was previously closed at 1.2604. The support and the resistance level for the pair will be 1.2581 and 1.2594.

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