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GBP/USD rides sharp drop
Despite a sharp drop yesterday following US durable goods, the pair has managed to hold above $1.24 for the time being. So far the pair has yet to make a real attempt to break below $1.23.
A close below here would open the way to $1.21. If the price rallies to $1.25 then it may push on to key resistance at $1.2557 and then on towards $1.27.