Based on Bpaynews, GBP/USD climbed to fresh late-October highs above 1.32 as the pound rebounded from an early dip following the UK budget announcement. Technical buyers defended key levels, including the 38.2% Fibonacci retracement at 1.31855 and the 200-hour SMA, triggering a breakout above 1.3210–1.3213. Traders are now monitoring support at 1.31855 and resistance near 1.3213–1.3222 for further direction.
GBP/USD Hits Late-October Highs Amid UK Budget Reaction
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