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FxWirePro: GBP/USD recovers slightly from early decline but bears are not done yet 
- Falling 21 DMA at 0.7055 keeps bear pressure on EUR/GBP, the pair eyes 0.7003 after extending south from 0.7051 (Monday high)
- Consolidation near recent lows persists, expect new long-term trend lows to be made, price could targets 0.6665
- ECB deposit rate cut & QE APP increase expected Thursday, likely priced into the markets
- Market also await BOE to publish the results of its latest round of stress tests of UK banks alongside its Financial Stability Report, followed by BOE Governor Carney's speech
- Immediate support is seen at 0.7003 (Daily Low Nov 25), while resistance is seen at 0.7051 (Double top Nov 27,30)
Resistance Levels:
R1: 0.7051 (Double top Nov 27,30)
R2: 0.7055 (21 DMA)
R3: 0.7080 (Daily High Nov 25)
Support Levels:
S1: 0.7003 (Daily Low Nov 25)
S2: 0.6982 (Daily Low Nov 18)
S3: 0.6970 (Daily Low Aug 6)
