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GBPUSD Forex Analysis – Retest & Failure At 1.2100 Level?

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This article was written by Duncan
Cooper – Senior Market Strategist & Trading Mentor.

Join Senior
Market Strategist & Trading Mentor Duncan Cooper as he watches price levels
on the GBPUSD weekly, daily, and
4-hour charts.

Price is
rallying back towards the 1.2100 level this week.

1.2099 –
1.2100 the 79% fib retracement level and the Figure.

Watching for
price to rally and fail at this intraday resistance level for a further
decline.

GBPUSD weekly
chart on ACY MT4

GBPUSD daily
chart on ACY MT4

GBPUSD 4-hour
chart on ACY MT4

This content
may have been written by a third party. ACY makes no representation or warranty
and assumes no liability as to the accuracy or completeness of the information
provided, nor any loss arising from any investment based on a recommendation,
forecast or other information supplied by any third-party. This content is
information only, and does not constitute financial, investment or other advice
on which you can rely.

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