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GBP/USD extends gains
Having pushed through the $1.5250 resistance level, the pair has extended gains and now looks to be heading towards $1.53 and then on to the 200-day SMA at $1.5340. If the price can get that far then the top end of the descending channel is in sight, with a target around $1.54. It would take a significant turnaround and a close below $1.52 to put the sellers back in charge.