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GBP/USD still on an upward trend
Despite a sharp pullback on Friday the uptrend here remains intact, with buying pushing the pair off Friday’s lows near $1.55. Now the pair must push on through $1.56 to confirm the overall move is still pointing higher.
Friday’s high at $1.5650 is the area to watch for on the upside, while support for the moment continues to come in around $1.55 and then $1.5420.