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GBP/USD looks set for more losses
Having failed to push on yesterday, it looks like a close down towards $1.51 today would indicate more losses on the way in GBP/USD. Over the past three sessions, $1.51 itself has been major support, but a daily close below here would target $1.5059 and then $1.5101 – key support from 8/9 December.
Any bounce needs a daily close above $1.52 to confirm bullish momentum, with a target around $1.5238 (the 50-day simple moving average [SMA]) and then on towards $1.5304.