Intraday bias in GBP/USD remains on the downside for the moment. Recent down trend has just resumed and should target 61.8% projection of 1.5551 to 1.4634 from 1.4971 at 1.4404 next. On the upside, break of 1.4971 is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
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