GBP/USD
Another bear signal emerged Tuesday following the break into fresh one-month lows below 1.5465, extending the short-term downtrend towards 1.5415 and congested daily moving average support at 1.5350. However, there is scope for a deeper setback towards 1.5320, and the more significant pivotal support level at 1.5230. Only a break above 1.5503 would provide temporary respite, but corrective strength should be limited to resistance at 1.5540.
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