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GBP/USD looking bullish
The pair finds itself back at the rising daily trendline. Bulls could therefore look to take long positions around here with the expectation of gains, perhaps with a stop around $1.41.
A close below the trendline might be the catalyst for fresh bearish momentum towards $1.4050. A bounce would head towards yesterday’s high around $1.44, and then on to the month high $1.4514.