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GBP/USD technical bias downside

Thursday, June 25, 2015 6:54 AM UTC

Daily Close under 10 DMA Wednesday is encouraging for additional weakness
Lower stop again on break of 38.2% Fibonacci retracement of 1.5191/1.5930 rise at 1.5648
Yesterday's base at 1.5667 provides initial support, below that 1.5627/ 1.5561 expected

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GBP/USD technical bias downside

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