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Al_dcdemo has taken 8th place in Strategy Contest Feb 2019

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Al_dcdemo has taken 7th place in Dukat Contest Jul - Aug 2018

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GBP/USD testing support area at 1.30

GBP/USD fell nearly 300 pips so far this week. Yesterday's Brexit headlines and today's (leaked?) weaker than expected CPI inflation figures for June were among the drivers on the GBP side of equation. Couple that with stronger USD since Fed Powell's testimony. 1.30 is the immediate support ahead of 50% retracement of the 2016 - 2018 upswing near 1.2930.
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