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This is an Active Investor correspondence that contains a new swing trade or investment idea, an adjustment to a previous idea, or new information.

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GBPUSD has taken out the high of the previous bullish candle which reversed off of a inflection point. There is no need to chase since it is reasonable for price noise to gyrate around the 1.2600 area. We will use a limit order and try to enter at a better price.

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