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GBPUSD waiting for a break to the upside.

Update: well it bounced down on good USD sales data then almost immediately within a matter of minutes bounced back up to price. Which makes me think USD is so overbought at the moment that during today we could see a break against USD. Shame the USD sales news didn’t help.

GBPUSD has been bullish most of the day, I think it needs a little push to make a move up which may come in the form of negative US data at 13:30.

Well i’m long for now see how we get on. Incidentally the Dollar Index is stagnating so we could see downside there as well. Come on chaps!

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