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GBPUSD Technicals: The price extends gains and moves above the 100 day MA in the process

Reported · Written up by our desk · Major Pairs

GBPUSD breaks above its 100-day moving average as Iran headlines pressure the dollar The GBPUSD is pushing to new highs for the day as reports of a potential compromise between the US and Iran send oil prices and US yields lower, while putting pressure on the dollar. According to Al Araby Al Jadeed, Qatar and Pakistan have presented a proposal that includes a secret IAEA visit to Iranian nuclear sites and the release of $6 billion in interest on frozen Iranian funds. The proposal reportedly has US approval and some prior Iranian support, although differences remain and official

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