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GBP/USD eyes $1.57
The currency pair continues its quest to break higher, making small gains this morning, but key resistance around $1.5670 still remains to be broken. If the price can move through this area and reach $1.57 then we will have confirmation that the buyers are back in charge.
Continued failure to push beyond the resistance of the past week should hand the initiative back to the bears, risking a move back towards $1.5550 and then $1.54.