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GBP/USD avoiding October clears – for now
Even after a third straight session of losses for sterling, the pair is yet to move firmly below the October lows.
If it does then $1.1943 is the first area to watch, and then down to the low seen at the October crash, to $1.18. A rally needs to clear the $1.22 area to open the way to the $1.24 zone.