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GBP/USD undergoing a bullish crossover
The two day rally in GBP/USD has arrived at the 200-day simple moving average ($1.5350) and has paused at this point. However, daily stochastics have posted a bullish crossover, while the relative strength index is rallying sharply, so buy on the dips appears to be the approach here.
Having moved so quickly in a short space of time it may be wise to wait until the pair goes through a pullback, perhaps towards the $1.5320 area, rather than chasing a price which remains overbought on the hourly-chart.