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GBP/USD- what to expect for the GBP cross after GDP data?

GBP/USD – The preliminary UK GDP for Q2 came out as expected and the currency pair did not respond logically. Growth rate remains as the previous quarter: 0.8%. The pound remains fundamentally supported in the long term. Yesterday saw sales after stronger U.S. data as the pair remained firmly under the strong level of the weekly graph at 1704. Very strong diagonal support in the area 1687, a level that the pair will probably chase next week. There is a correction on the large uptrend and shorts are risky. We will wait for the correction to end.

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