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FxWirePro: GBP/USD recovers after making a low of 1.5248, good to sell on rallies

Cable recovered from low of 1.52485 and is currently trading around 1.5336. Overall trend is still weak as long as resistance 1.5370 holds.

  • On the higher side any break above 1.5370 will take the pair to next level till 1.5420/1.5450.
     
  • The pair's minor support is around 1.5320 and break below targets 1.5300/1.5260 in short term.

It is good to sell on rallies around 1.5370 with SL around 1.5405 for the TP of 1.5300.

  • Market Data
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