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GBP/USD pushes on
Since Monday’s lows the pair has managed to move 150 points higher, testing the water above $1.23 for the first time in a number of sessions. Having seen a drift lower from the overnight highs, we may see buyers enter the fray, although UK unemployment data will likely keep some on the sidelines.
Nonetheless, so long as $1.2150 holds the pair has a base on which it can build, and may well push on above $1.23, with a close above $1.2322 targeting $1.2477.