GBP/USD's fall resumed last week and took out 1.4634 support. Intraday bias remains on the downside this week and current fall 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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