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GBP/USD Prints Recovery Highs Shortly After London Close

GBP
  • GBPUSD heads through the London close unchanged, having recouped earlier losses that put the pair below 1.3550. The outlook remains bullish - support at 1.3487 is intact and moving average studies continue to point north.
  • The focus is on a test of 1.3662 next, Jan 20 high where a break would improve the bullish theme and expose 1.3749, the Jan 13 high and key resistance. On the downside, a move below 1.3487 would instead threaten the current bull theme and open 1.3358, Jan 27 low.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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