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GBPUSD moves to new session highs but still needs to tackle the 100 day MA


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Trend line broken but 100 day MA is still 

The GBPUSD has moved to new session highs on Kudlow comment that the China tariffs will likely to be announced soon.

Technically, however, the rise continues to run into to the trend line and the 100 day MA. The trend line was broken (at 1.3162 currently) but the 100 day MA is at 1.31699. The high just reached 1.31642 and backed off a few pips.  
New highs but sellers still leaning/taking profit.
 
ForexLive

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