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GBP/USD could see downward move
The dollar currently carries all before it, so we could expect to see further weakness in the pair.
The 50-hour simple moving average ($1.3301) has so far prevented rallies over the past two days from gaining momentum. So while it is rallying now, a drop through Friday’s low at $1.3250 could see a swift move down towards $1.3050, since there is little support available at present between these two levels.