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The GBPUSD squeezed higher in New York trading.  The pair pushed up over 80 pips after New York Trading began.  The cross settled near the top of the 4hr triangle that currently contains price action.  Resistance at the top of the triangle currently rest around 1.5625.  Support begins at the daily lows around 1.5550.  GBP GDP estimates are due in early European trading.  Estimates are for a print of  -.2%.

Sup  1.5550

Res   1.5625

Keane Insights:  Watching the inside of the triangle.

For access to Keane Insight’s and current trade stream http://wp.me/P2pFeJ-1IT  .

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