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GBP/USD – Moves to Four Week High Around 1.5250
The GBP/USD has started this week off on the right foot by continuing to push higher and sustain its clear break from the consolidation area around 1.51. In doing so it has moved to around 1.5250 and a four week high. After spending most of last week moving very little and trading around the 1.51 level (quite evident in the 4 hourly chart below), towards the end of last week the GBP/USD surged higher to touch just above 1.52 and in the process move to a three week high. Throughout the last couple of weeks the GBP/USD has been able to finally show some signs of weathering the selling onslaught as it has been able to ... (full story)