GBP/USD aims through 1.6000/45
- A bull gap open (1.5885) after a bullish outside Friday to overcome target peaks at 1.5844/79 and reinforce the prior push through the August peak at 1.5710 and surge above key chart/ retrace targets, 1.5750/80.
- The Double Bottom (through 1.5750) now points to further upside whilst ahead of the trend line from June, now at 1.5600.
- We now aim still higher to 1.6000/45, psychological/ retrace targets this week and now see risk into late Sept to 1.6167 and maybe the cycle high, 1.6382.
- Below 1.5600 shifts to a neutral tone, only shifting negative below 1.5420.
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