GBPUSD seeks support
 

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The US dollar clawed back losses after the pair hit a fresh high at 1.3530. A fall below 1.3450 has strengthened the bearish bias, as the price is now in a small consolidation. This level is now a key resistance to clear before the pound can climb higher. As the RSI bounces away from the oversold area, a hold at 1.3400 has led some sellers to take profit, and 1.3375 is the bulls’ second layer of defence in case of a continued move lower.
 

USOIL remains downbeat
 

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WTI maintained its bearish bias as prices attempted to stop sliding. The commodity is stabilising after giving up some gains from the bullish rally that began at the end of December. The bounce has come under pressure at 56.50 as sellers try to double down. 56.00 is a significant level to keep a potential rebound valid and prevent a deeper correction. On the upside, a decisive breakout could attract momentum buying with 57.40 as a potential target.
 

UK 100 falls from record
 

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The FTSE seems exhausted after failing to hold onto its record high. The pullback has offered sellers an opportunity to ride the trend as the 10000 level was firmly broken. The recent bottom around 9950 is critical for sustaining optimism, as its breach would lead to broader liquidation and drive the price action towards 9800. In the short term, 9920 is the closest support, and a close above 10000 again could bring 10080 forward.

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