GBPUSD Coming To A Decision Point

The pair has recently put in a small rally with higher highs and higher lows. We are approaching resistance just below 1.55. Watch price action as we approach this level. A daily pin bar would point towards a continuation of the overall trend. However, the GBP looks poised to post a larger relief rally. Below 1.55 will keep my short bias but above 1.55 would begin looking for longs.

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