The GBPUSD pushed higher in North America with recession fears sparking expectations for further QE.  The cross has moved up firmly and is closing in on the .382 Fib from the May lows at 1.5660.  this level combined to daily price support at 1.5650 creates the resistance zone the pair is currently testing.   Support begins for the pair at 1.5575. CPI is due in early European trading Tuesday.  Expectations are for a reading of 2.8%.

Sup     1.5575

Res      1.5650/60

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