GBPUSD targets the 1.5750 levels !

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With a strong rally pushing the pair higher for a third consecutive day, further gains are expected in the upcoming days towards the 1.5750 levels,now the pair trades at the key resistance 1.5530, a breach is likely, If seen, the pair will turn its focus on the 1.5750 levels, a break will look for the 1.5805 ahead of the 1.5878 levels , further break will aim the 1.6080 levels.

On the downside, support is at 1.5434 levels , a break would only delay the bullish move,next support is at 1.5355 ,main support is at 1.5204 levels, to limit the upward offensive , the GBPUSD will have to break and hold below the 1.5204 levels on a daily closing basis, If seen, a short-term top will be confirmed, next support will be the 1.5100 levels, a break will look for the 1.5000 levels, further break will aim the 1.4800 levels.

In all, recent development  suggests gains towards the 1.5750 levels, only a sustained break below the 1.5204 levels will reverse risks to the downside .

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