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  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 5.43% Oil - US Crude: 0.93% Gold: 0.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rMKV1czQBI
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  • $USDCAD breakout pulling back from a fresh 2021 high... $NZDUSD breakout hit on Tues, reversed yday. $USDCAD breakout hit yday and so far has continued to run but both the h&s and inverse h&s in $USD remain https://t.co/EuuD7kFDVP https://t.co/m305BAypq2
  • A bout of strength has sent #Silver soaring from 25.25 to above 26.00, hitting its highest levels since the selloff on January 8th. $XAG $SLV https://t.co/N6c56GZZPi
  • $USDCAD is trading at its highest levels in a month, around 1.2850, amidst US Dollar strength. $USD $CAD https://t.co/9R2gC9w7n1
GBP/USD Nears Neckline Re-Test

GBP/USD Nears Neckline Re-Test

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

GBP/USD Nears Neckline Re-Test

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-A bullish bias on GBP/USD is valid based on the head and shoulders bottoming formation but support needs to register from the top side of the neckline in order to maintain constructive for a run at 1.49.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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