- Cable price has developed both technical and psychological importance
- GBP/USD turned away after early look at 1.5000
- Dollar bulls dig in heels; 1.1050 EUR/USD also successfully defended
- US policy divergence narrows; may not be large enough to support USD position
- However, substantial shift in rates; odds on Sep move fall to 56% from 80%


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AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
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