The pound broke past Asian session's broader-range trading against the US dollar in early European session on Thursday. The pound climbed to a 2-day high of 1.5688 against the dollar around 3:10 am ET, well-above previous session's 1.5630/35 support zone.
The brief rebound for the cable may be halted in the near-term and the pair is poised to resume downtrend as the overall technical picture shows further bearishness toward the next key support level at 1.5580. If the pair extends uptrend, 1.5760 is seen as the next likely barrier.
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