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Forex: GBP/USD consolidates London morning gains, at 1.5350

FXstreet.com (Barcelona) - The GBP/USD is consolidating its London morning gains up to 1.5368 high, with the 1.5350 line keeping bulls in control, with +0.47% gains on the day.

The UK has nothing on the economic calendar today, neither has the US. The market is quiet and eyes headlines coming from the G20/IMF meeting.

"Although the intraday bias is positive above 1.5270 there is still a risk of one more downswing to 1.5180-5200 before breaking beyond 1.5378 high, en route to 1.5507 resistance area", wrote Deltastock.com analyst Stoyan Mihaylov.

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