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GBP/USD heads the bottom of the descending channel
The turn lower in GBP/USD this morning suggests the pair is heading back towards the lows of Tuesday and Wednesday around $1.5053, which would put the downtrend from the 19 November high back in focus.
Further support is possible around $1.5025 and then $1.4990, as the price heads down towards the bottom end of the ongoing descending channel. A breakout through $1.5050 would put the buyers back in charge and target $1.5230.