After touching the lower boundary of the price channel on 4-hour chart, GBPUSD bounces strongly from 1.4873 level. Further rally is now in favor and next target would be at 1.5300 area. Near term support is at 1.5000 and key support is at 1.4873, only fall below this level could indicate that the uptrend from 1.4346 has completed.

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