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GBPUSD Rallies to New Highs After UK Budget Amid Key Support Holds

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The Story

News Summary

  • GBPUSD initially dipped after the UK budget release but quickly found technical support and moved to new highs near 1.3222, with short-term bullish momentum hinging on sustaining support above the 38.2% retracement level.
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GBPUSD price history

1.35 +1.50% over the displayed period

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