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Forex: GBP/USD, break below 1.5250 to accelearte bear trend - FXWW

The bear trend in GBP/USD continues its incessant fall, and Tuesday's false break lower did little to put off committed sellers, who resumed cable's liquidation to now approach round number 1.55.

As FXWW founder Sean Lee notes, "cable is showing no signs of weakening and selling rallies looks like the obvious play; asset managers are exiting UK Gilts and this along with increased speculative activity are the driving forces in the GBP." Sean tips that "a break below weekly support at 1.5250 would really set the bear trend in motion."

Forex: GBP/NZD hits fresh multi-year lows circa 1.8350

With Kiwi at current 0.8454, off fresh weekly highs at 0.8466, just 30 pips shy of fresh 11-month highs, in the highs area since early 1980s, and with Cable last at 1.5540, off fresh 6-month lows at 1.5522, cross GBP/NZD printed fresh multi-year lows at 1.8344, breaking below previous Feb 05 lows at 1.8481 on both Pound weakness and Kiwi strength.
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