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The pair is maintaining its bullish offensive leaving it targeting further upside towards the 1.5716 level. A break will aim at the 1.5750 level.

Further out, resistance comes in at the 1.5800 level. On the downside, support lies at the 1.5477 level where a reversal of roles as support is likely to occur.

Other supports are located at the 1.5400 level followed by the 1.5350 level where we could see bulls come in and turn it higher. On the whole, GBP is vulnerable on correction.gbpusd

Guest post by FX Tech Strategy