GBP/USD Analysis:
Eur shot up this morning making a new high. Dow has started to consolidate after the last few days of up.
The pound follow the Eur to give a jump up this morning. It hit the fib retracement line (day chart) at 1.564. Resistance at 1.574, which means that GBP will test it again. On the hind side, GBP may fall back to the support at 1.556/54.
With the profit-taking in mind, plus the weak support of the US Data, I expectation is for the GBP to consolidate lower first before moving higher.
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