Rep Brian Fitzpatrick (R-PA) told reporters today that a group of House Representatives plan to release an alternative foreign policy aid bill - which includes funding for Ukraine, Israel, and Taiwan - and a border security package as soon as Thursday.
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The trend outlook in GBPUSD is unchanged and remains bullish. Price continues to trade closer to its recent highs. Sights are on resistance at 1.2827, the Dec 28 high and a bull trigger. A break of this level would confirm a resumption of the uptrend and open 1.2881, a Fibonacci retracement point. Initial firm support is at 1.2611, the Jan 2 low. The 50-day EMA lies just below at 1.2610. Clearance of both support points would highlight a short-term top.