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GBPUSD: Pulls Back, Eyes More Weakness

GBPUSD: GBP is now seen weakening after failing to move higher on Friday. It looks to target the 1.05700 level and further. On the upside, resistance resides at the 1.5800 level with a break aiming at the 1.5850 level. A violation of here will aim at the 1.5900 level and possibly higher towards the 1.5950 level. On the downside, support lies at the 1.5700 level where a break if seen will aim at the 1.5650 level. A break of here will turn attention to the 1.5600 level. Further down, support lies at the 1.5550 level. On the whole, GBP continues to retain its  upside pressure.

GBPUSDproDaily

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