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GBP/USD pulls back
Cable traders have been treated to two excellent trends in the space of a week, with the current uptrend still in effect, even as cable pulls back from the overnight peak of $1.5257. Support is likely around the trendline at $1.5185, with a break above the overnight high clearing the way to $1.5293 and then $1.5350. A drop through the trendline would head towards $1.5158 and then $1.51 itself.