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GBP/USD-The Hourlies and the daily chart are showing that the pair does not have a distinct direction. The 4 hour chart indicates that the moderate bearish correction continues within the wide bearish channel which still has yet to be breached. The daily chart RSI is floating near the 50 level and the Slow Stochastic also does not deliver any specific signs. Forex traders are advised to wait for a clearer signs on the hourlies before entering the market.
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