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The GBPUSD pair has experienced an intraday rally, buoyed by technical support as it remains above its 50-day Exponential Moving Average (EMA50). This support underpins the pair’s short-term positive momentum.
Additionally, the Relative Strength Index (RSI) has signaled a rebound after touching oversold territory, further strengthening the bullish outlook.
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The prevailing upward trend in the short term is confirmed by continued price action along an established bias line, suggesting sustained upside potential.
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