GBP/USD Analysis:
As gold made new high, stock climb, Euro and GBP made new high, when will the USD retreat?
BOJ cut rate and that trigger all new hopes of easing pressure, causing most currencies to appreciate against the yen. So it is now waiting for Fed action, before USD take another low or reverese its direction.
Day chart show a potential break up towards 1.60 if resistance at 1.594 is broken. An attempt of 1.594 to 1.600 look possible today.
However if USD were to take a breather, a possible retrace is to 1.589, then to 1.587, with support at 1.583.
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