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GBP/USD heading lower
Two days of heavy declines in GBP/USD have seen some buying overnight, but already gains are petering out below $1.4450. Bulls need to get the price back above $1.45 to try and stop the rot.
However, it looks like rallies will be viewed as selling opportunities for the time being, with a fresh downside target around $1.4340. Below here there may not be much stopping the pair before it hits $1.40.