GBP/USD

We double based at 1.5139 yesterday and pushed higher...We have resistance and 1.5176 and again at 1.5200...and this area will act as a swing level...If we cannot make a break above here then pressure will return to the downside and a move back to 1.5139/35 should occur...Cover any shorts to here...

Re-sell then a break below 1.5115 as further weakness would then be evident with 1.5090 then targeted.. Again shorts to be covered...we will attempt small longs here...but keeping stops tight as a convincing break below here leaves the downside exposed to 1.5020....

Now if we can break back above 1.5200 we trade higher back towards the 1.5240/45 area...All longs to be covered.

Re-instate further long positions if above 1.5255 for 1.5275 possibly 1.5290/96 once more...

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