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GBP/USD looks set to breakout
Having raced higher yesterday following those UK job numbers, the pair is now stabilising around $1.55. The 50-, 100- and 200-day simple moving averages are all just above this level, so we will be watching for a move towards $1.5530 as a first step in any further breakout. Support is likely around the $1.5453 level, and then towards $1.5376.