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GBPUSD moves higher and toward 2023 highs and the key 1.3000 level

The GBPUSD is moving sharply higher after the better-than-expected CPI data and in the process is looking to test the next swing area targets on the daily chart up to the 1.29987 level. Of course, the natural resistance at the 1.3000 level is also a key target.

The price has not traded above that key level since April 2022. Buyers remain in control technically after US CPI data.
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