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Buyers in charge of GBP/USD
Selling in GBP/USD yesterday stalled around $1.4230, so if we can hold above here there is a possibility of a move back towards $1.4350, the highs of the week. A passable hourly trendline from the 21 January lows remains in place, and with the price back above the 200-hour simple moving average (SMA) – $1.4244 – it looks like the buyers are in charge for now.