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Forex: GBP/USD trading negatively at 1.5114/16

FXstreet.com (Barcelona) - The GBP/USD has held fast in negative territory, despite recovering slightly off its European lows (1.5093). However, in recent minutes, the pair is once again threatening the 1.5100 mark, having settled at 1.5114/16 at the time of writing, down -0.28%

The GBP/USD dropped sharply after the breakout below key support of the upside move shown on graph. The bearish move might extend during the US session as long as the pair holds below 1.5190.” warns the ICN.com Technical Analyst Team.

According to the Mataf.net analyst team, after falling below support at 1.5131, the GBP/USD will face means of support at 1.5097, ahead of 1.5059. On the ascension, a break of 1.5203 will lead to resistances at 1.5241 and 1.5275.

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