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GBP/USD still weak
Weakness continues to be the order of the day in cable, with a rally yesterday towards the 200-hour simple moving average ($1.2480) meeting the same fate as others in the past month.
Now the bears need to get the price below the support zone formed around $1.2350/$1.24, with a move below here potentially opening the way to $1.2280. It would need a move above $1.25 to break the bearish tone, which seems unlikely at present.