CMC markets GBP/USD outlook
- We've so far managed to remain above $1.5200 and while we do so the risk of a short squeeze back to $1.5280 remains.
- We need to push back through the $1.5280 level to keep the prospect of a move towards the $1.5500 level.
- A move below 1.5200 could well see a retest of the $1.5000 lows last week.
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