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GBP/USD – sellers in control unless hurdle at 1.4549 is breached

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
Horrible PMI data releases this week has increased risk of GDP slowing down to 0.1%. With Brexit still five week away, a lot can change on that front.

Consequently, sellers are likely to remain in control, but breach of strong support at 1.4461 is needed to take the pair lower to 1.4431 – 1.4382 (100-DMA).

On the higher side, only an hourly close above 1.4549 would bring in fresh bids and expose 1.4635. Note that short-term bearish invalidation requires a daily close above 1.4635 levels.
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