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GBP/USD Still Bullish

GBP/USD Still Bullish

Thomas Long, Course Instructor

As traders try to get a feel for which central bank will be forced to raise interest rates next, the GBP/USD continues to climb. The move up has not been explosive, but the series of higher lows and higher highs off of the May low continues. I would continue to look for buying opportunities as long as the pair remains above the 1.57497 low noted on the chart.

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