GBPUSD clearly rebounded from 1.5100 after accumulation till level 1.5170. Friday was a day of decreases, but it can be just small correction which in addition with two-direction Thursday looks like rushing correction.

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Level 1.5350/70 clearly is a resistance on the way to 1.5700/1.5800 and you should also be careful about 1.5500 where 50% of last range is situated. If rushing correction will indicate further gains above 1.5370, then 1.5500 will be first target of bulls. Rejection from current top can indicate quite deep correction to 1.5170.

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