Today price on the pair has made a low of 1.2865, apparently the price level of 1.2950 and 1.2900 are acting as strong levels of resistance after the recent strong bull run, price right now is in consolidation phase with important news releases expected this week. Today much better then expected Manufacturing PMI data from the UK has given strength to the GBP, as price has tested the 1.2900 resistance level again.
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