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GBP/USD Intraday Price Movement For Feb 20th, 2020

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After Cable made a Clean High at 1.3069 and continued with a Re-Distribution at the 60 Minute Chart/1 Hour Chart, it made an Underlying Price Weakness form. In the other words, there is an Institutionally Sponsored Decline at the 1 Hour Chart. Amid this conditions, the GBP/USD pair can try again to reach the target at 1.2893, if it does not go up and close above 1.2950. Cable is still trying to reach the target at 1.2893.

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The material has been provided by InstaForex Company - www.instaforex.com