the EUR/USD is in a strong uptrend but remains vulnerable for a pullback. The GBP/USD bulls look strong at the moment but the resistance at 1.3475-1.35 is the key zone.
The GBP/USD is breaking the rising wedge and showing a large reversal towards 1.27-1.28.
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The EUR/USD could break support and test the support zone at 1.20-1.2075 for a bullish bounce and uptrend continuation. For an immediate uptrend, price action needs to break the key resistance trend line.
The GBP/USD direction depends on the price reaction at the resistance zone at 1.35. This decision zone will indicate whether price will break or bounce.
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