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GBPUSD Weekly Analysis - July 10, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 July 2016 13:36 UTC
GBPUSD's downward movement from 1.5016 extended to as low as 1.2795. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Near term resistance is at 1.3550, as long as this level holds, the downtrend will continue.

gbpusd chart

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