The GBPUSD consolidated around the 1.5475 support level and has finally decided to bounce higher. As long as the pair is above this level we could see a scaled move higher towards the 1.56 level. Mid term resistance may surface around 1.5550. If the cross breaks below 1.5475 a move down towards 1.54 could be in the cards.
Sup 1.5475 1.54
Res 1.5550 1.56
PLan: Above 1.5475 targets 1.56.
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