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GBP/USD could fall to $1.4910
Friday’ action saw the pair push below the October low, with cable opening below the $1.51 level for the first time since April. The dramatic move of the final two days of last week raises the possibility that we see a move down towards $1.4985 and then $1.4910. Any bounce needs to get back above $1.51 if it is to maintain upward movement, with further targets around $1.5178 and then $1.5295.