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GPBUSD has little chance, but still able to reach 1.298

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GBP has brokeout downtrend channel after Theresa May announced continuation of work on Brexit agreement.

GBP/USD rate strongly entrenched aobve the channel and its further growth is blocked by resistance level at 1.2935. Moreover, stochastic oscillator sends bearish signals.

If the bulls deal with resistance level, GBP/USD goes to 1.298, otherwise quotes return back to downtrend channel.

GBP/USD exchange rate graph
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Ruble Exchange Rates
Euro97.1398Dollar90.9298

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