GBPUSD: Standing Aside as Prices Push Higher
GBPUSD took out resistance at 1.5638 after putting in a Harami candlestick above key multi-month support in the 1.5232-1.5342 region. The bulls target 1.5769 from here. The 1.5638 level has been recast as near-term support. Positioning does not offer a clear entry signal and the moment and we will stand side until something more attractive presents itself.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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