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GBP/USD eyes $1.2477
The decline goes on here, having dropped back from $1.2650 on 11 November. Now we have hit support at $1.2322, which was resistance in mid-October.
A push below here could see the price head towards the October lows at $1.2114, where the pair formed a base during the second half of the month.
A rally needs to clear $1.2477 to maintain forward momentum.