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GBP/USD Bullish

GBP/USD Bullish

Thomas Long, Course Instructor

The USD remains one of the weaker currencies while the GBP continues to see buying interest. The result is an uptrend on this daily chart. Scheduled central bank announcements this week out of either country could change this relationship, but for now I would continue to look for buys as long as the pair remains above the 1.53436 low noted on the chart.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.