Intraday bias in GBP/USD remains on the downside for the moment. Break of 1.5876 will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. In any case, near term outlook stays bearish as long as 1.6226 resistance holds and downside breakout is expected.
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