After rising around 100 pips from 1.5025 in the early European morning, the GPB/USD has reached the 1.5130 level, fresh 15-weeks high. Currently, the pair is trading around 1.5110/20 after rising 0.55% so far today from opening price at 1.5035.
Yesterday, Cable won 0.65% form opening price at 1.4935, reaching 1.4835 as lowest and 1.5050 as maximum, to close the day at 1.5030.
"Cable is trading in an unbroken uptrend this European morning, right now near the day’s high at 1.5080. A down correction is now in the cards, to levels around 1.5020 again, before a further upmove sets in, probably breaking the 1.5100 handle level."
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