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The GBP/USD pair bounced-off a brief dip below 1.2150 levels in early Asia, and now looks to retest NY highs of 1.2172 amid a minor-correction seen in the US dollar versus its main competitors, as the treasury yields take a breather heading into the Fed event due later tonight.

The spot is making another attempt to extend the recovery from two-month lows on Wednesday, as dust settles over renewed Brexit-process related news. Moreover, the pound also found support from the latest results of the poll conducted by The Times, which revealed that 57% of the Scots rejected indolence from the UK.

GBP/USD Levels to consider
At 1.2159, the resistances are lined up at 1.2195/1.2200 (10-DMA/ round figure) and 1.2250/53 (psychological levels/ Mar 7 high) and above that at 1.2304 (Mar 6 high). On the flip side, the resistances are aligned at 1.2140 (NY low) and 1.2100 (psychological levels) and below that at 1.2050 (Flash crash territory).


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I always recommend to trading with demo account using at least 6 month. Looking last year candle would be great learning point for return. Mini account is always good for beginners and and dont forget to learn about stop loss, take profit,support and resistance.
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