1.3475 Downside target achieved on GBP/USD

Prior chart:

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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.
FibonacciGBPUSDpoundsterlingSupport and ResistanceTrend Analysis

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