GBP/USD: technical analysis
The pair still resides in the upper sector of the correction range. 1.5570/60 resistance is holding back bullish attacks, and trading is currently carried out at 1.5530/40 levels. Indicators are unclear, suggesting uncertainty. Earlier forecasts, expecting growth towards higher resistance at 1.5650 may confirm, although medium-term bearish positions are dominating. 1.5470 support breakout will be a signal for decline towards 1.5400 level, and then to local lows at 1.5280/1.5300.
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