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GBP/USD Downside Still Favored

Forex News: Despite GBP/USD's spike above last Friday's 1.9794 high Commerzbank analyst Andrew Hart still favors the downside. With the daily RSI oscillator still range negative he views the rate's key 55-day MA at 1.97 as exposed and says below here 1.9580 is targeted. A temporary recovery may be seen around this level, but ultimately Hart has trendline support at 1.9402 as an objective. GBP/USD now at 1.9775


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