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Bullish traders are controlling the pair and as long as we trade above 1.5640 which is short term support we can reach 1.58. In case we trade under 1.5640 then price should correct to the 1.5550 area before bouncing. The overall trend is bullish as long as we trade above 1.5480. In case we trade under 1.5480 price will turn bearish and we see little point of being long GBP/USD.
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GBP/USD 60 min chart
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