The UK Elections results failed to trigger a major move in this pair. Rather, USD rose slightly upwards and could still be rising today. I expect further upward move towards the now resistance line 110.70 from where I've placed a ending sell limit. A clean breakout above this line may push the price further upwards. That said, unless this line is clearly breached to the upper side with a big green candle, I expect a rejection from this line to short USD towards 106.
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