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FTUKcom

1.3475 Downside target achieved on GBP/USD

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
FTUKcom  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Fibonacci Support and Resistance pound sterling GBPUSD
12
1
trendanalysis fibonacci supportandresistance pound sterling gbpusd
Prior chart:

snapshot

Our latest breakdown of GBP/USD has reaped a 90 pip target to the downside in just a few days. We our monitoring the price action around the 1.3480 handle and a movement lower is not to be ruled out.

We would expect a minor pullback into the moving averages and then to use them as resistance to start heading south again.
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