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GBP/USD close above fibo denoted further gains

  • Break and close of solid resistance for cable at 1.5481 Monday signals further gains

  • 1.5481 = 23.6% retrace of the 1.7192 to 1.4952 July to January fall

  • Positive potential seen to the next fibo of the same move at 1.5808

  • Ahead the 2015 high from Jan 2 at 1.5588 is key. Could see corrections

  • Bid raised to 1.5500, by the hourly pivot point

 

  • Market Data
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