GBP/USD Is At Key Support

12:29 AM No Comments

GBP/USD has fallen through the weekly PP and 2011 highs in order to once again test firmness of the up-trend support line at 1.6477/21. In case this demand area is violated, we would not expect the monthly S1 and the 100-day SMA to be able to stop the ensuing sell-off.



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