Jun 17, 2013
GBP/USD has taken out 1.5700 in this morning’s European session, reaching a high of 1.5731
A break below the 1.5490 June 7 low is needed to alleviate immediate upside pressure and signal a slide back to the 55 day moving average at 1.5352 en route to the base of the channel at 1.5044
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