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GBP/USD may push higher
The pound continues to show a reluctance to push much beyond $1.56. Since mid-July the area above $1.5640 tends to result in a stoppage in upward progress, so a daily close above this level is needed before it can be said that bulls have the upper hand once again.
If we do move higher, the targetfor GBP/USD remains the June high above $1.58. Downside support is to be found in the direction of $1.5426, and then towards the 200-day simple moving average at $1.5376.