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GBP/USD eyes $1.47
The steady retreat from $1.46, plus an inability to get back above $1.4550 so far today inclines the view towards more losses for this pair, as the late January rally continues to be unwound.
A move below $1.4440 would then suggest a continuation down to $1.44 itself, and then below this the 2 February low of $1.4320 comes into play.
Any move back above $1.46 cancels out the bearish scenario and brings $1.47 into focus.