GBP/USD Daily Outlook

[Forex-Outlook]

GBP/USD falls to as low as 1.4250 so far today and the break of 1.4475 support confirms that whole fall fro 1.5521 has resumed. Intraday bias remains on the downside for the moment and further decline should be seen to 100% projection of 1.6456 to 1.4783 from 1.5521 at 1.3848 next. On the upside, above 1.4494 minor resistance will turn intraday bias neutral and bring consolidations. But recovery should be limited well below 1.5053 resistance and bring fall resumption.

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