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It has been a good month for GBP/USD bulls
The bulls can look back on a good performance this month, but the pair still has to break the key $1.4668 area we highlighted earlier in the week. If it is able to push on then we look to the 200-day simple moving average (SMA) at $1.4881.
With month-end looming it makes sense to wait for another dip in the trend, rather than chasing the rally, but as long as the pair holds above $1.45 we expect further gains.