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GBP/USD closes below 10 DMA

  • Pair rose from Thurs' 1.4689 low but close below 10 DMA keeps bearish setup intact

  • 100 HMA/200 HMA at 1.4793/1.4866 resistance ahead of 10 DMA at 1.4882

  • Sees scope for a return to Wed's almost 5 year low at 1.4635

 

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