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GBP/USD eyes mid-2010 support
Cable came storming back yesterday, putting itself back on course for higher highs. With such a resurgence on Monday, dips today will likely be seen as buying opportunities.
A move back to $1.4450 would then clear the way to head back to $1.4577, and then on towards $1.47.
Only a move back below $1.4320 would indicate that weakness is in store, and then we look to key weekly support from mid-2010 at $1.4230.