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gbpusd intraday

The British pound is trading weaker once again, down over 1.5% intraday.

The declines erase the modest gains from late last week. As price action tests the support area of 1.1477, this level is now at risk.

A break down below this support region could see the GBPUSD falling to fresh lows.

However, watch the Stochastics on the 4-hour chart which could suggest a possible larger correction in the making.

Test your strategy on how the GBP will fare! Open your Orbex Account and start trading now. 

The post Sterling Gives Back Gains from Previous Sessions appeared first on Orbex Forex Trading Blog.


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