GBPUSD tests Monday highs. Buyers making a play ...Middle East

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GBPUSD tests Monday highs. Buyers making a play
The GBPUSD has extended higher and in the process has moved above a swing area between 1.28168 and 1.28272 and extended to the high price from Monday at 1.28449. The price is also near a downward-sloping trendline connecting recent highs at 1.2849.So far traders have leaned against the high for the week, but remains above the swing area. It would take a move back below the swing area low at 1.26168 now (the lower the swing area) to hurt the short-term bullish bias AFTER the break higher today. The buyers are making a play. The highs from 2024 at 1.28599 (June 2024 high) and 1.28931 (March 2024 high and highest level since July 2023) are also targets on more momentum. Get above 1.2893 opens

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