GBP/USD approaching to 1.6000

GBP/USD has reached an intraday low of 1.6030, after halting the downside rally and begin a short term upside correction. Oversold in hourly charts, and upside correction is due before next leg down, with resistances around 1.6110 and stronger 1.6150. Break under today’s low will see support at 1.5980 (July 8th low) followed by 1.5920/40 congestion zone.


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