GBPUSD formed a short term cycle bottom at 1.4110 level on 4-hour chart. The rise from 1.4110 is possibly be resumption of the medium term uptrend from 1.3654 (Mar 11 low). Further rise to test 1.4779 previous high resistance is possible in next several days. Initial support is at 1.4380, as long as this level holds, we€™d expect the short term uptrend from 1.4110 to continue.

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