GBPUSD seems to take retracement towards 1.5125 level and then will look to resume its upward trend. In case this dip is extended, then traders will looking to buy GBPUSD at 1.5000 level which also seems a very good long term buying level as well. If GBPUSD breaks below 1.5000 level then we will be looking at reversal of trend.
On the upper side, initial targets are seen around 1.5300 level and once GBPUSD manages to break above that level, we will be looking for GBPUSD heading towards 1.5500 level.
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