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GBPUSD: Rejects Higher Prices With Eyes On More Weakness

GBPUSD: The pair lost its upside pressure to turn risk lower on Wednesday. This development leaves GBPUSD targeting the 1.4600 level on more weakness. On the downside, support lies at the 1.4600 level where a break will turn attention to the 1.4550 level. Further down, support lies at the 1.4500 level. Below here will set the stage for more weakness towards the 1.4450 level. Conversely, resistance stands at the 1.4700 levels with a turn above here allowing more strength to build up towards the 1.4750 level. Further out, resistance resides at the 1.4800 level followed by the 1.4850 level. On the whole, GBPUSD now threatens downside on pullbacks.

GBPUSD: Rejects Higher Prices With Eyes On More Weakness

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