• GBP/USD eyes 10DMA after more shorts squeezed
  
  
• Pair threatens 1.4790 after 1.4740 break spurs further short-covering
  
  
• 1.4740 was Apr 1 low. 1.4790 = 10DMA. 1.48 resistance beyond
  
  
• Demand ahead of 1.48 based cable losses seven days ago (Apr 7)
  
  
• 1.47 was pullback low from initial post-US data high of 1.4735
  
  
• 1.4604 was London am low. 1.4567 was Monday's 5yr low